
LONG BEACH BREAKS CONTAINER CARGO RECORD
LONG BEACH - 01/25/07 -Amid strong demand for international products, nearly 7.3 million cargo containers moved through Port of Long Beach terminals in 2006 for a fifth straight year of record-breaking cargo activity.
Container terminals at the port - the second most active in the US - moved 7.29 million twenty-foot equivalent unit (TEU) in 2006, an increase of 8.7% over the previous record in 2005 of 6.71 million TEUs.
The facilities have increased the total number of TEUs, which includes import, export and empty containers, every year since 2001.
Port trade analysts said the cargo surge in 2006 was driven by continued U.S. demand for products manufactured in Asia and increased vessel capacity supplied by the new generation of 8,000-TEU container ships.
Inbound cargo at the port increased by 11.2%, to 3.7 million TEUs, while exports increased by 5.7% to 1.3 million TEUs. The movement of empty containers, most sent overseas to be refilled with products, increased by 6.4% to 2.3 million TEUs.
The port is located on Southern California's San Pedro Bay, the busiest seaport complex in the US.
When Long Beach's container totals are combined with the neighboring Port of Los Angeles' 8.5 million TEUs in 2006, the port complex ranks as the world's fifth busiest, after Singapore, Hong Kong, Shanghai, and Shenzhen.
Go
back, or read the latest Page Two stories:
DISNEY TO LAUNCH TV CHANNEL IN RUSSIA

BURBANK – 12/31/08 – The Walt Disney Company has said it will team-up with Media-One Holdings Ltd. to launch a Disney-branded television channel in Russia in 2009; Disney will have a 49% stake in the venture in exchange for a cash investment and content acquisition, according to a recent piece in the Los Angeles Business Journal.

GOLDEN SPOON ENTERS THE GLOBAL MARKET

RANCHO SANTA MARGARITA – 12/12/08 – Frozen yogurt giant Golden Spoon has accelerated its international expansion with the announcement of two additional stores for Japan; the new stores will be located within Tokyo Station and the Kansai International Airport and are slated to open for business this month.

PORT OF STOCKTON EXPANDS ITS FTZ

STOCKTON – 12/05/08 – The Port of Stockton has received approval from the US Dept. of Commerce (DOC) Foreign Trade Zones Board for expansion of its Foreign Trade Zone No. 231; the expansion at the nearly 475-acre Opus West Park in East Stockton is the eighth site approved in Stockton by the DOC and is sited adjacent to the Burlington Northern and Santa Fe Railroad line linking Central California with points throughout the country.

NETSUITE GOES LIVE IN SINGAPORE

SAN MATEO – 10/28/08 – Business management software developer NetSuite Inc. has launched a new venture - NetSuite OneWorld in Singapore; the move was spurred by forecasts that that Asia-Pacific software as a service (SaaS) revenues will grow from $274 million in 2007 to around $1.8 billion by 2011.

CHINA’S TASTE FOR CAL WINE GROWS

SONOMA – 08/09/08 – California-based vintner Bronco Wine has forged a deal with Legacy Wine and Spirits International to export a selection of its varietal Hacienda label wines to China; the first container of 750ml bottles of Bronco’s Merlot, Cabernet Sauvignon, Chardonnay, Sauvignon Blanc, Riesling, Gewurztraminer, Viognier, White Zinfandel and Brut Sparkling Wine reportedly left the Port of Oakland last week.

SANDISK REJECTS SAMSUNG ACQUISITION BID

MILPITAS – 09/24/08 – US flash memory maker SanDisk Corp. has reportedly rejected a $5.9 billion bid by top memory chip-maker, Samsung Electronics Co., but said it would not rule out a deal at a better price; SanDisk said in a statement that Samsung's $26-a-share cash offer undervalued the company, but it remained open to a deal with Samsung at a price that recognizes its "intrinsic value."

Â
|