The California Energy Commission has awarded the Port of Long Beach $20 million to fund the ongoing development of Pier Wind, a proposed 400-acre terminal to assemble and deploy floating offshore wind turbines. The Port of Long Beach will contribute $11 million to complete engineering, environmental,...
The International Transportation Service (ITS) terminal in Long Beach has commenced a $365 million upgrade which will increase its container capacity by about 50% to 2.6million TEUs and enable it to work two 18,000-TEU ships simultaneously. Due for completion in 3.5 years, this project will also...
The Port of Los Angeles processed 717,000 container units, reflecting a 9% drop imports over May compared to the same period last year and 19% compared to April. Conversely, exports were also down by 5% in May, marking six consecutive months of declining exports. Whilst it...
The West Coast MTO Agreement (WCMTOA) has announced an increase to the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long Beach. This fee increase will become effective as of the 1st of August 2025. For further information on the TMF fee please...
The month of May saw an 8.2% and 5% decline in cargo at the Port of Long Beach and Port of Los Angeles respectively as tariffs continue to impact global trade flows. Imports fell 13.4% to 299,116 TEUs, while exports decreased 18.6% to 82,149 TEUs at...
Spot rates in the eastbound trans-Pacific have fallen, potentially signifying that the temporary tariff pause won't deliver the consistent demand initially envisaged. West Coast rates fell 32% in the week ending 17th of June whilst East Coast rates were down 11% over the same period. This...
The Port of Long Beach, California, had its busiest April on record, handling 867,493 twenty-foot equivalent units, a 15.6% increase compared to the same month last year. This April performance marks the 11th consecutive month of cargo increases at the port, which with Los Angeles, constitutes...