Freight News, Sea, Business

POLB September Cargo Weighed Down by Hanjin Bankruptcy

[ October 13, 2016   //   ]

Port of Long Beach container volumes declined 16.6% year-over-year in September, as the effects of the Hanjin bankruptcy reached West Coast ports.

Longshore workers moved 546,805 TEUs last month. This included 282,945 TEUs in imports, down 15% from September 2015, a month which capped off the port’s best quarter ever. Exports dropped to 120,383 TEUs, a decrease of 4.2%. Empties were 27.2% lower at 143,476 TEUs.

Port officials said the number of containers handled during September was impacted not only by reduced calls by Hanjin-operated ships, but also by the absence of Hanjin containers on vessels operated by fellow CKYHE Alliance members. Hanjin Shipping containers account for approximately 12.3% of the Port’s total containerized volume.

Cargo volumes are down 4.6% for the current calendar year to date in Long Beach.