Long Beach Sees Lower August Volumes
US Port of Long Beach (POLB) recorded an 8.9 percent decrease in its container throughput in August 2016, handling 641,029 TEUs against 703,652 TEUs in the same month last year.
According to MANA, “Currently, shipping lines are continuing to consolidate service routes to optimize vessel utilization during the holiday peak season and in anticipation of the new, planned ocean carrier alliances,” according to POLB.The port said its August throughput was not affected by Hanjin’s filing for court receivership on August 31, 2016.
For the calendar year, overall cargo volumes are down 2.9 percent at POLB, compared to the first eight months of 2015.
With an ongoing USD 4 billion program to modernize its facilities this decade.