Asian cargo accounts for 91% of the cargo passing through Long Beach, 87% through Los Angeles, 85% through Oakland and 95% of Seattle and 94% of Tacoma's cargo. Those percentages are based on the total value of Asian cargo compared with the value of all cargo passing through the ports. As much as 70% of Seattle and Tacoma's trade moves beyond the region intermodally by train,while a little less than half of import containers moves through the Los Angeles area.
18. NEXT SLIDE WEST COAST 1993-1997
This slide shows the volume of containers moving through North American West Coast ports during the period 1993-1997.
19. NEXT SLIDE ANNUAL PORT BUDGETS
During the past 5 years Los Angeles and Long Beach ports have each invested more than one billion dollars in capital improvements, while Seattle has invested more than 800 million, Tacoma has invested more than 200 million and Oakland some 300 million. This slide represents their annual budgets.
20. NEXT SLIDE Port of Long Beach
Since 1990, the volume of containers at the Port of Long Beach has soared by about 150% to 4.1 million container TEUs in 1998. Part of this was made possible by the Port's construction of a new 170-acre, 240 million dollar terminal for Hanjin Shipping Company in 1997. During 1998, Hanjin moved more than 900,000 TEUs through its terminal. The Port acquired Pier T that is located on 500-acres and will provide the port with about 300 acres of container space, as well as other operations. If combined with other properties near the parcel, it could eventually build a container terminal of nearly 500 acres. The new container terminal is planned for on-dock rail and 5O-foot water depths and has been negotiating with several customers for this lease of this property.
