Skip to main content

Busiest U.S. Port for China Trade Says Coronavirus Hits Volume


  • (Reuters) - Cargo volumes at the Ports of Los Angeles and Long Beach, the No. 1 gateway for ocean trade with China, dropped sharply in February due to the coronavirus outbreak and lingering effects from the U.S.-China trade war, port operators said on Tuesday.

The spread of the deadly virus known as COVID-19 shut down cities and factories in China for weeks, disrupting ocean and air shipments and roiling global supply chains. China is a vital link in the shipping sector, transporting everything from food to mobile phones and apparel to auto parts.

Total volume of cargo containers - known as 20-foot equivalent units, or TEUs - moved by terminal operators and dockworkers dropped 22.9% at the larger Port of Los Angeles, where 55% of container "lifts" are tied to China.

The adjacent Port of Long Beach reported a year-over-year drop of 9.8% for February.

"We are more interconnected than ever with our global partners so it's no surprise that Trans-Pacific maritime trade has been significantly impacted," Port of Los Angeles Executive Director Gene Seroka said in a statement.

Total February volumes were 544,037 TEUs at the Port of Los Angeles. Imports tumbled 22.5% and exports fell 5.7% for the month.

"With the extended factory closures and slowdown of goods movement in China and other Asian countries in February due to Lunar New Year and COVID-19, we are seeing shipping lines needing to cancel some sailings," Mario Cordero, Port of Long Beach executive director, said.

The Port of Long Beach handled 538,428 TEUs last month. Imports slid 17.9%, while exports, which account for a much smaller share of port traffic, were up 19.3%.

Cargo ships take about two to three weeks to make the journey from China to the U.S. West Coast. U.S. shippers and port executives told Reuters that the coronavirus-related weakness could stretch into April.

(Reporting by Dan Burns in New York and Lisa Baertlein in Culver City, Calif.; Editing by Leslie Adler)

Comments

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed.
Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area”
For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number”
Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell you …

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

A ‘European Silk Road’

publication_iconPhilipp HeimbergerMario Holznerand Artem Kochnevwiiw Research Report No. 430, August 2018 
43 pages including 10 Tables and 17 FiguresFREE DOWNLOAD
The German version can be found here.In this study we argue for a ‘Big Push’ in infrastructure investments in greater Europe. We propose the building of a European Silk Road, which connects the industrial centres in the west with the populous, but less developed regions in the east of the continent and thereby is meant to generate more growth and employment in the short term as well as in the medium and long term.After its completion, the European Silk Road would extend overland around 11,000 kilometres on a northern route from Lisbon to Uralsk on the Russian-Kazakh border and on a southern route from Milan to Volgograd and Baku. Central parts are the route from Lyon to Moscow in the north and from Milan to Constanţa in the south. The southern route would link Central Europe with the Black Sea area and the Caspian Sea litto…