SIMIC

THE Port of Los Angeles reported handling 623,234 TEU in March, ending a weak first quarter, reported Ventura, California's gCaptain.
"We are beginning to see some signs of improvement, including nine consecutive months of inflation declines," said Port of Los Angeles executive director Gene Seroka.
In the first three months, the port handled 1,837,094 TEU, down 32 per cent year on year as the Covid import surge continued in the first half of last year.
First quarter volumes came in 19 per cent below the five-year average of 2.2 million TEU - a trend that Mr Seroka said "needs to be reversed".
March 2023 loaded imports reached 319,962 TEU, down 35 per cent compared to the previous year. Loaded exports came in at 98,276 TEU, a decline of 12 per cent compared to last year. Empty containers landed at 204,996 TEU, a 42 per cent year-on-year decline as demand from Asia subsided.
On a positive note, March saw a 28 per cent increase in volume compared to February.
"While March cargo volume was lower than last year at this time, early data and monthly growth indicates a moderate increase in Q3," said Mr Seroka.