"But in light of concerns last year over how the shipping hub would navigate the Trump administration's tariffs with its largest trading partners, it's being treated as encouraging news by port officials, who see it as a sign of a stabilizing market and resilient demand for California's agricultural goods. Export strength continues to be a key driver for Oakland, Port of Oakland Maritime Director Bryan Brandes said in a statement."
"Though the 4.1% decline in November was not as large as some officials and economists may have feared, the fact remains that fewer ships are docking along the Oakland waterfront. Shipping carrier companies are combining their payloads together, according to the Port of Oakland, resulting in fewer vessel calls a ship's scheduled stop at a port for loading and unloading cargo as November saw 78 total carriers, an 8.4% decline year-over-year and an 11.6% decline from October."
Trade volume at the Port of Oakland declined 4.1% year-over-year in November. The decline appears consistent with market stabilization and resilient demand for California agricultural goods amid tariff-related uncertainty. Export strength remains a key driver for Oakland, with exporters continuing to move goods and terminals maintaining balanced cargo flows and reliable service. Carriers are consolidating payloads and deploying larger vessels, reducing vessel calls to 78 in November, an 8.4% year-over-year decline and an 11.6% drop from October. Fewer vessel calls combined with higher average cargo per vessel helped sustain throughput, though imports fell to 73,092 TEUs in November, down 9.3% year-over-year and 11.1% from October, indicating weakening demand.
Read at www.mercurynews.com
Unable to calculate read time
Collection
[
|
...
]