The busiest US seaport expects its robust flow of imports to continue in the near term, but is closely monitoring Covid-19 shutdowns in major cities in China. Port of Los Angeles Executive Director Gene Seroka said: "In the weeks ahead, we expect to see an increase in vessels headed our way as retailers to get a big push to replenish shelves. We're also watching very closely the events in China with yet another wave of Covid spreading through major cities and businesses.”
The Port of Los Angeles and the adjacent Port of Long Beach handle more imports from China than any other US ocean gateways. They set a new record for imports in February, handling a combined 814,408 20-foot equivalent units (TEU) - 3.5% more than the year earlier. Forty-four ships are already sailing cargo to the Southern California port complex, versus the 30 that are typically seen at this time of the year, Seroka said.
Meanwhile, China has put millions of people under lockdown in a bid to stop the spread of a highly contagious Omicron variant. That action is already impacting many factories. While major air and seaports in Shenzhen and Shanghai continue to operate, locals are reporting that trucks are delayed by road and testing restrictions and that some Shenzen warehouses are no longer accepting deliveries.
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