The Port of Prince Rupert moved 23.5 million tons of cargo in 2023, 5% less than 2022’s volumes, the Port Authority revealed in January. This marks a third straight year of volume declines for the British Columbia seaport. The decline, according to the Prince Rupert Port Authority, reflects challenges of shifting global shipping routes, soft demand for imports, and competition with other North American trade gateways for discretionary cargo. “However, despite the decline in volumes, significant milestones were reached in 2023 that support the evolution of the trade gateway to become more competitive, resilient, and sustainable in the near and long-term,” the PRPA said in a statement. “The Port of Prince Rupert is at a critical juncture, and we are focused on actively expanding the services, capacity, and capabilities required…
International shipping companies Maersk and Hapag-Lloyd in January announced that they’re joining forces to form a new network, which they’re calling Gemini Cooperation. “Together we aim to develop a new best-in-class network starting in February 2025. This partnership will be a strong match as we have a shared ambition and commitment to deliver quality,” the shippers said in a joint statement. “Through our combined fleets, our aspiration is to offer unrivalled schedule reliability, a far-reaching global network with competitive transit times and a reduced carbon footprint,” the statement continued. Gemini Cooperation, which launches Feb. 1, 2025 and would comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million 20-foot equivalent units (TEUs); Maersk is expected to deploy 60% and Hapag-Lloyd 40%. Also as part of…
The Port of Oakland’s overall cargo volumes were down sizably in 2023, but it saw loaded imports and exports rise by double-digits in December compared to the same month a year prior, according to data released by the Northern California seaport Jan. 22. Oakland moved 76,347 TEUs in full imports in December, a 16.4% jump from 65,566 TEUs in December 2022 and the largest monthly total since July 2023, according to the data. The port also handled 65,801 TEUs in full exports last month, a 12.9% increase from the 58,302 TEUs in December 2022. The new numbers signal to the port that volumes are coming back, adding that West Coast seaports are seeing more cargo movement in part because shippers are redirecting its goods from the Panama Canal, where drought…
During his seventh annual ‘State of the Port’ address, which was given Jan. 17 in front of an audience of about 800, Port of Long Beach Chief Executive Officer Cordero announced that construction is expected to begin this year on the port’s Pier B On-Dock Rail Support Facility, which aims to move cargo more quickly, make the port more competitive and improve the environment for nearby communities. As the centerpiece of the POLB’s on-dock rail projects, the Pier B On-Dock Rail facility would move freight faster and more sustainably, Cordero said. Specifically, he remarked, it would double the size of the existing Pier B rail yard to 171 acres and more than triple the volume of on-dock rail capacity handled annually to 4.7 million twenty-foot equivalent units (TEUs). The port…
The Los Angeles and Long Beach seaports saw their overall cargo numbers rise in November compared with the same month a year ago, according to data released by the ports Dec. 13. The increase reflects strong holiday sales, the ports said. The Port of LA moved 763,262 TEUs in November, 19% more cargo than November 2022. It was the fourth straight month of year-over-year increases for the port, data show. Los Angeles said it handled 384,619 TEUs in loaded imports last month, a 25% jump year over year, and processed 111,755 TEUs in loaded exports, a 24% spike compared to November 2022. Empties rose 10% year over year to 266,888 TEUs. Year to date, the POLA has moved 14% fewer containers than it did in its record year of 2022,…
The Port of Long Beach and the Port of Los Angeles have made $60 million in Clean Truck Fund Rate funding available through their California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) for vouchers toward the purchase of zero-emission, Class 8 drayage trucks that operate at the San Pedro Bay ports complex. The funds became available to applicants beginning Nov. 14 at californiahvip.org. Each port is providing $30 million through the Clean Truck Fund (CTF) Rate, which collects $10 per TEU from cargo owners on loaded containers entering and exiting the port complex. The CTF Rate is a component of the ports’ Clean Air Action Plan goal of 100% zero-emissions drayage trucks by 2035. The voucher program utilizes the existing HVIP funding application process to provide incentive funding toward…
It’s official: Ocean Network Express (ONE) has acquired a majority stake in the TraPac and Yusen container terminal operators and vessel stevedores in Los Angeles and Oakland. ONE announced Nov. 6 that it has secured the regulatory approvals required for a 51% stake in TraPac and YTI, as well as a 20% stake in Rotterdam World Gateway (RWG). It’s a move that strengthens ONE’s presence on the U.S. West Coast, North Europe and Southeast Asia. The acquired West Coast terminals alone have a combined capacity of 4.3 million TEUs per year, according to ONE. RWG operates a highly automated container terminal in the Port of Rotterdam with an annual capacity of 2.6 million TEUs. A stake in RWG, ONE said gives the company long-term capacity and strengthens its position as…
For the third straight month, the Port of Los Angeles saw its cargo numbers rise year over year, according to statistics released by the port Nov. 17. Last month, Los Angeles handled 725,775 TEUs, jumping 7% from the same time in 2022, data show. Loaded imports rose 11% year over year with 372,455 TEUs, and loaded exports spiked 35% with 121,277 TEUs when compared to October 2022. Meanwhile, empties dipped 8% to 232,043 TEUs. Statistics show that through the first 10 months of 2022, the port moved more than 7.1 million TEUs, about 16.6% less than the same period of time in 2022. “Our terminal operators, labor and other stakeholders have worked hard to earn cargo market share back over the last three months,” port Executive Director Gene Seroka said.…
For the second straight month, the Port of Long Beach has seen overall cargo volumes rise year over year, according to new statistics released by the port Nov. 15. Long Beach processed 14.7% more cargo last month than it did in October 2022 with 755,150 TEUs. The data showed that imports rose 23.6% to 363,300 TEUs, while exports fell 24.8% to 90,073 TEUs year over year. October empty containers were up 23.3% to 301,777 TEUs compared to the same time last year. The port is attributing the spike to the anticipation of holiday shopping and a continued push to regain market share. “Cargo is rebounding, and we are continuing to collaborate with our industry partners to recapture market share and invest in infrastructure that will position us for future growth,”…
The Port of Oakland in October saw its largest volume of loaded exports in a single month so far this year with 68,974 TEUs, according to data released by the port Nov. 17. The export amount is 4% more exports than in October 2022, a result of exporters returning to a less congested supply chain that had been disrupted by a pandemic-driven demand for imports. “Our port remains the preferred export gateway for fruits, nuts, meats, and grains since we are the closest to agricultural areas in the Central Valley,” port Maritime Director Bryan Brandes said. “We also offer the fastest transit times to Asia since we are the last port of call in the U.S. before ships go back across the Pacific.” However, loaded imports fell 8% year over…
