April 15, 2019

Port of Oakland cargo volume up nearly 11% in March

Activity remains strong and new services are scheduled at the Port of Oakland, despite cooling import surge.

By DC Velocity Staff

Activity remains strong at the Port of Oakland, with first-quarter cargo volume up 4 percent and the launch of a new shipping service to Vietnam on tap for later this month, port officials said today.

The port handled 612,151 twenty-foot equivalent units in the first three months of 2019, up 4.2 percent compared with the year-ago period. March cargo volume was up 10.7 percent compared to 2018, port officials said.

"Though the import rally has calmed down, we are still seeing a strong consumer demand in Northern California and Western Nevada," Port of Oakland Maritime Director John Driscoll said in a statement announcing the quarterly results. "The Bay Area's strong consumer-based economy has helped the Port of Oakland absorb the impact of the weakening rally better than other ports."

Port officials also announced a new shipping service to Vietnam, set to begin by the end of April. Pacific International Lines (PIL) will launch direct Vietnam links using vessels that carry up to 11,900 20-foot containers. The new service is called AC5 and is a partnership with Cosco and Wan Hai.

Exports to Vietnam through Oakland have grown 126 percent since 2015, port officials said.

"PIL's new direct service from the Port of Oakland is a good sign of increasing demand on Vietnam routes," Driscoll said. "Vietnam is showing strong growth in its import and export markets."

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