Box volumes of Long Beach drop 24 percent in October

Containerized cargo at the Port of Long Beach declined 24 percent in October compared to the same period last year. The port's shipping terminals moved 452,418 TEU in October, compared to 595,189 a year ago.

Imported cargo dropped 22.4 percent to 227,064 TEU from last year. Exports declined 10.1 percent to 109,337 TEU from a year ago. The number of empty containers, most of which are sent overseas to be refilled with products, declined by 27.4 percent to 119,194 TEU.

So far in 2009, overall container trade is down by 24.5 percent compared to the same time period in 2008.

Golar LNG moves to USD1m loss in Q3
Golar LNG Limited reported a net loss of $1.0 million but improved operating income of $3.6 million for the three months ended September 30, 2009 on a consolidated basis (the Third quarter)

Revenues in the third quarter were $50.3 million representing an increase from $46.8 million for the second quarter of 2009 (the Second quarter)

The increase is as a result of the contribution from the Golar Winter, which went on hire in early September, following its FSRU conversion in addition to a general improvement in earnings from spot traded vessels; both Ebisu and Golar Arctic commenced new charters during the quarter.

This improvement is partly offset by the Golar Freeze not earning during the quarter as the vessel entered the shipyard for FSRU conversion.

Average utilization increased to 80% in the third quarter of 2009 from 69% in the previous quarter.

Third quarter average daily time charter equivalent rates (?CEs? in 2009 increased to $44,140 per day as compared to $37,600 per day for the second quarter of 2009.