Cargo volumes at the Port of Los Angeles reached 8,856,782 TEU in 2016, marking the busiest year ever for the port or any port in the Western Hemisphere Port for that matter, the Port of Los Angeles said Thursday. The previous record was set in 2006, when the Port of Los Angeles handled 8,469,853 TEUs. The port finished the year with December volumes of 796,536 TEUs, a 27 … [Read more...]
Los Angeles to Sell $340 Million in Bonds to Refurbish Container Port
By Elizabeth Campbell Sept. 2 (Bloomberg) -- The Los Angeles Harbor Department, which runs the busiest container port in the U.S., is selling about $340 million of debt, the most since 2009, after the risk of a crippling strike was reduced by a tentative agreement on health-care costs between longshoremen and shippers. The sale this week will help refinance debt and … [Read more...]
Naked Man Found Standing on Ship’s Rudder – PHOTOS
We put this first photo up on the gCaptain Facebook page yesterday as a “caption this” and it was such at hit, that we thought we’d provide a little bit of backstory. The photo was taken recently at an anchorage in Long Beach when harbor police found a half naked man standing on the rudder of the Chevron oil taker MT Altair Voyager. And if you were wondering, no, the man … [Read more...]
Port of Los Angeles Shipments Jump Most Since 2007
By Shobhana Chandra and Michelle Jamrisko April 21 (Bloomberg) -- Container shipments through the port of Los Angeles climbed in March by the most in seven years as commerce rebounded after disruptions caused by the Chinese New Year and harsh winter weather in the U.S. The combined number of loaded and empty 20-foot containers that entered and left Los Angeles increased … [Read more...]
Port of Los Angeles Approves $127 Million+ In New Construction
The Los Angeles Board of Harbor Commissioners has approved construction contracts totaling more than $127 million for two major projects that advance modernization of the marine container terminal operated by longtime tenant, TraPac, Inc. With work due to begin in January, the projects are key elements of the Port of Los Angeles’ overall capital improvement program. The … [Read more...]