(Commonwealth Union)_ In comparison to the record-breaking first nine months of 2021, the Port of Los Angeles processed 7,864,514 TEUs, a decrease of nearly 4%. According to Gene Seroka, Executive Director of the Port of Los Angeles, “despite what will probably be a lackluster close to 2022, we are on course to have the second-best year in our history.” “More significantly, the shipment backlog that started last year has almost completely been removed thanks to the dedicated, coordinated work of our supply chain partners,” the company said.
The amount of cargo moved decreased in September due to the high levels of retail and other merchandise that were already on the shelves and in warehouses. ” In September, the Port handled 709,873 TEUs, a 21.5 percent decline from September 2021, which was the Port’s biggest September on record.” The number of TEUs of loaded imports in September 2022 was 343,462, a decrease of 27% from the same month last year. In comparison to previous September, loaded exports increased by 3% to 77,680 TEUs. In comparison to the previous year, fewer empty containers (288,731 TEUs) were landed.
When compared to the 109 ships waiting at POLA and the Port of Long Beach on January 9, 2022, the number of container ships waiting there fell to four as of October 19. “The 4 container ships backed up” include “0 container ships anchored off the ports of LA/LB/HB awaiting a berth in LA/LB + 0 loitering within 25 miles of the ports + 0 transiting to a berth within 25 miles of the ports + 4 slow speed steaming or loitering outside the Safety and Air Quality Area (SAQA),” according to a report from Captain J. Kipling (Kip) Louttit, Executive Director, Marine Exchange. This week, ocean spot prices on the main ex-Asia lanes continued to plummet due to a drop in demand, but Freightos’ most recent assessment suggested that port congestion on the U.S. East Coast and at several key European hubs may be reducing the rate slide’s pace.
