Port of Los Angeles container volumes increase 17% in February

Port of LA

The Port of Los Angeles has released its February 2013 cargo volumes. Overall volumes increased 16.99% compared to February 2012. The increase was due in part to a surge in imports prior to the closure of factories for the Chinese New Year.

Imports jumped 25.23%, from 254,359 TEU in February 2012 to 318,547 TEU this February. Exports dropped 4.88%, from 164,725 TEU in February 2012 to 156,690 TEU in February 2013.

Combined, total loaded imports and exports for February increased 13.40%, from 419,084 TEU last February to 475,237 TEU in Februrary 2013. Factoring in empties, which increased 31% year over year, overall February 2013 volumes (614,948) increased 16.99% compared to February 2012 (525,653 TEU).

For the first two months of 2013, overall container volumes have increased 4.87% (1,283,959 TEU) compared to the same period in 2011 (1,224,368 TEU). < Korea Shipping Gazette >