With the final numbers in from both Ports, 2016 becomes the third busiest year in the history of our local Ports.
At a combined 15,631,953 in total TEUs (twenty-foot equivalent container units), 2016 finished just below 2006 and 2007. If not for the collapse of Hanjin on August 31, 2016, we would have seen a new record and likely surpassed the 16,000,000 mark in total TEUs.
Port of Los Angeles had the highest volume in history for a Western Hemisphere Port. POLA moved a total of 8,856,782 TEUs, surpassing the previous high of 8,469,853 set in 2006. The year-end total was up 8.53% over 2015. Imports were up 9.26% over 2015, exports were up 9.77%, loaded TEUs were up 9.41% and empties were up 6.36%. POLA finished the year with its busiest December in history, handling 796,536 TEUs up 27.19% over December 2015.
Port of Long Beach moved 6,775,171 TEUs in 2016, down 5.80% from 2015. Imports were down 5.04%, exports were up 0.26%, total loaded TEUs were down 3.47% and empties were down 11.67%. Total volume for the month of December was down 7.97% from December 2015. Q4 was a bad quarter for POLB, a direct result of the Hanjin bankruptcy.
We are very optimistic for 2017 because MSC has acquired the balance of Pier T at POLB from Hanjin. We expect that in a few months, volume at the Port of Long Beach will rebound, and 2017 will be another great year.
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