Hanjin bankruptcy affects Long Beach figures
Port statistics for September show that the Port of Long Beach has been affected by the on-going Hanjin Shipping saga.
The Californian port reported a 16.6% drop in imports compared with September 2015. Cancelled Hanjin calls at Long Beach and the lack of Hanjin containers on other vessels were said to be the reason for the fall.
Port officials said that Hanjin accounted for about 12% of all container volume at Long Beach.
Exports dropped by 4% to 120,383 teu and empties were 27% lower than the previous year.
During September, overall cargo volumes in Los Angeles increased by almost 5% to 6.4m teu, but in Long Beach they fell to 5.1m teu.
Hanjin Shipping is expected cut up to 400 land-based employees in South Korea by December, as its desperate situation continues to spiral and affect ports worldwide.
Fellow South Korean company Hyundai Merchant Marine (HMM) is said to be considering submitting a preliminary bid for Hanjin Shipping’s assets used on the Asia to US trades.
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