Oakland sees declined box traffic in November

The Port of Oakland reported a 6.8% drop in its container volumes in November, handling 132,648 TEUs.

Full imports rose 3.8% year-on-year, with 71,258 TEUs passing through Oakland port facilities this November. On the other hand, full exports declined by 3% to 61,390 TEUs. At the same time, empty imports experienced a drop of 0.6%, with 14,118 TEUs, while empty exports experienced a significant 49% decrease, with 19,613 TEUs moving through the US port.

“We saw some canceled sailings in November as evidenced by the dip in vessel calls last month,” stated Port of Oakland maritime director, Bryan Brandes. “This caused our volumes to drop.”

This year the Californian port did not see the usual spike in import cargo volumes during late summer and the fall.

“Consumers continue to spend, and our local economy is growing, so the lack of an upswing in cargo volume is likely because retailers are working through excess inventory,” commented Brandes.

He added, “Meanwhile, we’ve been investing and implementing projects that will improve the efficiency of our maritime operations. This puts us in an excellent position to handle more cargo.”

Source: Container News


Related News

Chittagong port eyes larger vessels to minimise costs
Chittagong port eyes larger vessels to minimise costs

The port of Chittagong in Bangladesh has unveiled plans to begin accommodating larger vessels, doubling its capacity to lower transportation costs and enhance productivity.

PORT OF ANTWERP MAJOR ENTRY POINT TO S STRONG EUROPEAN INTERNAL MARKET
PORT OF ANTWERP MAJOR ENTRY POINT TO S STRONG EUROPEAN INTERNAL MARKET

Today, Port of Antwerp CEO Jacques Vandermeiren met up with European Internal Market and Industry Commissioner Thierry Breton at the Port of Antwerp to discuss the Port’s role as a strategic transport, energy, and industrial hub in Europe.

India and Bangladesh fear trade disruption and payment challenges
India and Bangladesh fear trade disruption and payment challenges

Amid uncertainty over receiving timely payments, due to sanctions imposed by western nations on Russia, Bangladeshi garment makers have been urged to be cautious in exporting to Moscow.


main.add_cart_success