Cargo throughput in July for the Port of Los Angeles (POLA) and the Port of Long Beach (POLB) both declined, according to recent reports by each port.
Accordingly, the total volume of POLA stood at 684,291 TEUs (20 Foot Equivalent Units), down 26.85% per year from the July 2022 record of 935,423 TEUs. The July tally was about 18% lower than June's 833,045 TEUs, marking the highest volume month since July 2022, an "all-time" record month for POLA.
POLA's imports fell 25% year-on-year, to 364,208 TEUs, and exports stood at 110,372 TEUs, up 6%. Empty containers decreased by 39%/year, to 209,710 TEU, as demand for empty containers in Asia continued to decline. Year-to-date through July, total POLA volumes fell 24% year-over-year, reaching 4,821,670 TEUs.
"Global trade has eased as inventories at retailers and manufacturers remain elevated," Port of Los Angeles CEO Gene Seroka said in a statement. “American consumers are continuing to spend and will likely find more discounted items this year as we head into fall fashion and the holiday season.”
The Port of Long Beach (POLB) reported that total throughput reached 578,249 TEUs, down 26.4% year-on-year from July 2022, POLB said July had its highest throughput on record.
Imports fell 27.9% to 271,086 TEUs and exports fell 17.6% to 90,134 TEUs, of which empty containers fell 27.7% to 217,030 TEUs. During the first seven months of 2023, POLB volumes fell by 25.6%, to 4,310,925 TEUs year-on-year.
POLB officials cited adjusted trade routes, adequate warehouses and a shift in consumer spending toward travel, entertainment and other experiences as reasons for the month's sales. 7 decrease.
“I am confident we will see our numbers improve as we work with industry partners to rebuild our market share,” said Port of Long Beach CEO Mario Cordero. ". “Looking ahead, however, we anticipate a modest 'peak season' for shipping as consumers spend slightly less this year on back-to-school supplies and gifts in the coming year. during the holidays.”
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Recently, Glotrans Central Region successfully hosted the Year End Party 2025 in a formal, warm, and highly connected atmosphere, with the presence of the Board of Management and all employees from Glotrans Da Nang and Glotrans Quy Nhon offices.
On the occasion of the Lunar New Year, as spring approaches, this is also a meaningful time for Glotrans HCM to look back on the journey we have gone through and to express our sincere appreciation for the dedication and contributions of all employees who have worked tirelessly for the development of the branch. Glotrans HCM successfully held the Year End Party 2025 with the attendance of the Board of Directors and all staff of the Ho Chi Minh City branch.
Recently, Glotrans successfully held the Year End Party 2025 for the Northern Region in a formal, warm, and highly connected atmosphere. The event provided an opportunity for the Board of Management and all employees to look back on the company’s journey throughout 2025, review achieved results, and align on development directions and strategic objectives for 2026.
The shipment of food additives was transported in container No. FCIU3301688 (20’), under B/L MPRSMUM1806, on the voyage from Nhavasheva Port (India) to Dinh Vu Port (Hai Phong, Vietnam) on 29/04/2017.
Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.
Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.
