Ports Manage to Close 2016 Strong

The Port of Long Beach had its fifth best year ever in 2016.

LOS ANGELES—The Port of Long Beach closed 2016 strong, despite a difficult year. Due in part to the Hanjin Bankruptcy and new carrier alliances, the Port of Long Beach cargo volumes fell 5.8% for the year from 2015. While that sounds like a steep decrease, the year actually ranked fifth overall for the Port. Additionally, 2015 was the best year on record, making the decrease look more dramatic.

“Container cargo in 2016 reached nearly 6.8 million TEUs, about 5% down from 2015,” Lee Peterson of the Port of Long Beach tells GlobeSt.com. “The bankruptcy of Hanjin Shipping in August impacted our container cargo numbers in the second half of the year.”