Officials with the Organization of Petroleum Exporting Countries (OPEC), Russia, and other oil-producing nations decided Nov. 4 not to raise oil production substantially, in a rebuff to President Joe Biden’s request last week. The decision not to increase foreign production may ease some concerns at U.S. ports, like Los Angeles and Long Beach, that are…
Oil Exporters Stick to Modest Production Increase, Could Ease Concerns at LA Ports
Officials with the Organization of Petroleum Exporting Countries (OPEC), Russia, and other oil-producing nations decided Nov. 4 not to raise oil production substantially, in a rebuff to President Joe Biden’s request last week. The decision not to increase foreign production may ease some concerns at U.S. ports, like Los Angeles and Long Beach, that are…
Increase in Foreign Oil and Gas Imports Could Spell More Crowding at LA Ports: Officials
A decision by the Organization of Petroleum Exporting Countries (OPEC) during its Nov. 4 meeting to increase foreign oil and gas imports may bring more oil tankers to the already overloaded ports of Los Angeles and Long Beach, officials say. “Clearly there will be a significant increase in tanker traffic at all ports – and even…
Officials Announce $5 Billion in Loans to Help LA Ports With Cargo Overload
October 28, 2021
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California is banking on $5 billion in federal infrastructure loans to help supply chain overloads at the ports of Los Angeles and Long Beach. California Gov. Gavin Newsom and U.S. Secretary of Transportation Pete Buttigieg announced Oct. 28 the “Emerging Projects Agreement” that they expect will improve the capability of the ports to move goods…
Ports Try New Fines to Deal With a Container Tsunami
The Los Angeles City Council authorized Oct. 27 port officials to impose hefty new fines as another way to try to clear the epic backlog of shipping containers clogging Los Angeles and Long Beach ports. The new surcharge applies to shipping containers held for longer than usual times on a growing flotilla of ocean carriers…
Small Business Owners Complain of Product Shortages Due to Port Backlog
As the port backlog continues, some local business owners in Los Angeles County say they are concerned about product shortages ahead of the holiday season. Sandy Rosco, the executive director of the San Gabriel Chamber of Commerce, said Oct. 20, the businesses that are hurting the most are small-to-medium-sized because their owners don’t have the…
Port Congestion in Southern California; IN PHOTOS
October 21, 2021
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The Ports of Los Angeles and Long Beach, California, face issues of congestion as cargo vessels continue to line the horizon of the Pacific Ocean. (Photos by John Fredricks/The Epoch Times)
Port of Rotterdam Freight Volumes Rise 15 Percent as Economy Recovers
AMSTERDAM—Freight volumes in the port of Rotterdam increased 15 percent on a yearly basis in the third quarter as international trade continued to recover from its COVID-19 slump, Europe’s largest sea port said on Tuesday. Trade flows to and from Rotterdam have been almost 9 percent higher in the first nine months of the year,…
South Bay Residents Express Worries Over Supply Chain Backlog
South Bay residents voiced concerns about the backlog of goods off the Southern California coast and their opinions on President Joe Biden’s order, announced Oct. 13, that the Port of Los Angeles work around-the-clock to help ease the current supply chain crisis, brought on, in part, by the pandemic. Dave, a resident of Carson, who…
US Port’s Supply Chain Fix Challenge: Selling 24/7 Shifts
LOS ANGELES—The Port of Los Angeles is beginning the hard work of convincing terminal operators, importers, warehouses owners, and trucking firms to embrace moving more cargo at night. “It’s not a single lever we can pull today to open up all the gates,” Executive Director Gene Seroka said on Thursday. On Wednesday, the White House…
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