Despite decline in volume, Port of Oakland's latest numbers could be a good sign
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Despite decline in volume, Port of Oakland's latest numbers could be a good sign
"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. 'Even as the market recalibrates, our exporters are moving goods consistently, and efficient terminal operations are supporting balanced cargo flows and reliable service for our customers.'"
"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. 'Carriers continued to deploy larger vessels and consolidate service,' the port stated in a press release. 'Fewer calls, paired with higher average cargo per vessel, helped sustain overall cargo throughput at the Port's marine terminals.'"
Port of Oakland trade volume declined 4.1% year-over-year in November, reflecting fewer vessel calls and lower container imports. Shipping carriers consolidated payloads and deployed larger vessels, producing an 8.4% drop in total carrier calls year-over-year and an 11.1% decline in TEU imports for the month. Tariffs implemented in March against major trading partners prompted anticipation of further impacts but exports continued to move, supporting overall throughput. Export demand for California agricultural goods remained resilient, while efficient terminal operations and higher average cargo per vessel helped sustain cargo flows despite fewer ship visits.
Read at The Mercury News
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