Ports growing despite worries

first_imgIn 2006, two-way trade was valued at $329.4 billion through the twin ports, Los Angeles International Airport and several other points of international trade – collectively known as the Los Angeles Customs District. That was a 12.1 percent increase over the previous year, easily allowing the customs district to retain its No. 1 national ranking. The New York Customs District was second at $295 billion in two-way trade. Because of the nation’s trade deficit, many containers enter the ports loaded and leave empty. When counting only loaded containers, the Port of Los Angeles was the nation’s biggest gainer in traffic last year, recording a 17.5 increase, to 5.72 million loaded TEUs, the study says. The Port of Long Beach was second with a 9 percent increase, to 4.79 million TEUs. The Los Angeles-Long Beach port complex also retained its No. 5 worldwide ranking for total handled containers. Growth at the twin ports of Los Angeles and Long Beach will keep going full throttle this year despite concerns about capacity and other issues, according to a study to be released today. Container traffic at the two ports is expected to increase 9.2 percent, to 17.2 million TEUs, or 20-foot equivalent units, says an international trade study by the Los Angeles County Economic Development Corp. The growth in container traffic this year will be slightly slower than last year’s pace of 11 percent, the study says. “Shippers continue to have confidence in the ability of the ports to handle the traffic,” the report states. Americans’ unrelenting appetite for imports from Asia is driving growth in local port traffic, said Eduardo J. Martinez, an economist who led the LAEDC trade study. “As long as we’re running the trade deficit and Los Angeles remains the main entry point (to Asia), and Asian companies continue to excel in manufacturing, yes, it’s going to continue,” Martinez said of port traffic growth. With container traffic at the twin ports expected to at least double in the next 15 years to 20 years, concern will remain high over capacity, congestion and environmental effects, the report says. The two main rail yards serving the twin ports, Hobart Yard and BNSF, are approaching their intended capacity. However, BNSF is developing a near-dock rail facility to move containers onto trains using the Alameda Corridor express freight rail lines. This new facility would likely reduce truck traffic on the Long Beach Freeway and decrease pressure on the Hobart Yard, the study says. Despite attempts to clean up the air, port pollution remains a major worry for the surrounding communities. This makes plans to increase port capacity a tricky political balancing act, Martinez said. “It becomes a political process … that may drag out,” Martinez said. “The pressure in the room is not going away. It’s actually increasing. So it gives it a bit of urgency.” Even without an increase in capacity, shippers from Asia have few options beyond the twin ports because other Western U.S. ports “don’t have the capacity,” Martinez said. However, a long-term shortage of capacity at the Los Angeles and Long Beach harbors could prompt competing ports such as in Washington state to invest in greater capacity. The study also says direct international trade created 35,000 additional jobs last year in Los Angeles County and the four surrounding counties. muhammed.el-hasan@dailybreeze.com (310) 543-6175160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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Chelsea transfer report – Blues make enquiry for Real Madrid full-back Dani Carvajal

first_imgChelsea have made contact with Real Madrid over the availability of defender Dani Carvajal, according to reports in Spain.The right-back has made just 14 appearances for Los Blancos this season, with summer signing Danilo emerging as the preferred choice for new manager Zinedine Zidane.According to Fichajes, Chelsea have been monitoring Carvajal’s situation at the Bernabeu and want to step up talks with Real before the transfer window shuts.However, with just four days remaining until the window slams shut, Chelsea are content on waiting until the summer to land the 24-year-old if their negotiations with Real stall this month.Carvajal returned to Real in 2013 after a short spell at Bayer Leverkusen and was a regular under Carlo Ancelotti.But he was often rotated by Rafael Benitez and it appears Zidane is also keen to see whether Danilo can hold down a starting berth for the remainder of the campaign. 1 Real Madrid defender Dani Carvajal last_img read more

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