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The Port of Long Beach's monthly newsletter
May 2011
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Porthole icon Around the Port...

Cordero's Farewell

Commissioner Mario Cordero attended his last Board of Harbor Commissioners meeting on May 23. He is headed to Washington, D.C., where he will assume his new post with the Federal Maritime Commission (FMC) starting June 1.
The FMC is responsible for regulating the nation's international ocean transportation. Last year, President Obama appointed Cordero to the federal post and the Senate confirmed him on April 14.
Cordero has served on the Long Beach Board of Harbor Commissioners since 2003.
Watch: For tribute video of Cordero on the Port's YouTube Channel, click here.
For webcast of the May 23 board meeting, click here.
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100th Birthday Party

Don't miss the birthday party of the century. The Port will celebrate its 100th Birthday Party on June 25 on Pier E.
"We would like to extend an invitation especially to our customers and industry partners," said Port of Long Beach Executive Director Richard D. Steinke. "This is your celebration just as much as ours."
The event will begin at 2:30 p.m. and there will be historical exhibits, carnival rides, a performance by the Long Beach Municipal Band, and more. Actor Robert Wagner will be the master of ceremonies. Wagner lent his voice talents to to "Faces of the Port - Celebrating 100 Years," a 30-minute documentary film that will debut at the event.
There also will be a Let's Talk Centennial Panel moderated by maritime reporter George Cunningham and guest speakers; Beverly O'Neill, former mayor of Long Beach, Bill Ellis, former police chief and port security director, Tom Jacobsen, president of Jacobsen Pilot Service, and ILWU veteran Tony Salcido.
This event is free and open to the public.
Read More: For full schedule and directions, click here.
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Cargo Bounces Back

After a slight dip in container cargo volume in March compared to a year ago, the Port experienced a rebound in April with a 12 percent increase in imports and a 9.5 percent growth overall compared to April 2010.
Overall, the Port moved 531,090 twenty-foot equivalent container units last month compared to 485,059 TEUs in April of last year. Port terminals handled 270,107 TEUs of import containers, almost 30,000 TEUs more than a year ago. Exports jumped by 10.4 percent to 143,683 TEUs, aided by a weaker dollar and growing demand abroad for agricultural products. Empty container moves were up 3.2 percent to 117,300 TEUs. Most empty containers are bound overseas for refilling.
Read the Data: For the latest TEU figures, click here. Tonnage summary reports are here.

Bond Rating

The Port of Long Beach has once again earned high marks on its bonds from the firm Fitch Ratings, reflecting a strong financial profile. Fitch maintained the Port's bond rating at 'AA' with a stable outlook. No other port in the country has a higher rating.
A high credit rating recognizes good financial management by the Port and lowers the cost of borrowing in the future.
"Following the downturn in maritime trade between fiscal years 2008 and 2010, the port has more recently experienced a healthy return in cargo volumes," Fitch wrote in its analysis.
Read More: For more information on Fitch Ratings, click here.
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Japan Relief

Join the Port of Long Beach and industry partners for a day of golf at Virginia Country Club while aiding the relief and recovery effort in Japan.
The Port is hosting the tournament on Monday, July 25. Tournament starts at 8 a.m.
Please register at www.regonline.com/polb-japanrelief.
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Expanded Service

Pacific International Lines (PIL), which calls at Pier T in the Port of Long Beach, has announced it is expanding its China Transpacific Service (CTP) string to include ports in Australia and New Zealand on its westbound leg.
The weekly service will deploy nine ships of about 1,550-TEU nominal capacity each, the company said. U.S. exporters could start loading container shipments to Australia (Sydney, Melbourne, Brisbane) and New Zealand (Tauranga) from the Port's Total Terminals International terminal as early as June 21.
Read More: For CTP's rotation information, click here.
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Port Scholarships

The Port awarded $53,500 in scholarships to six local high school students and 14 college students to help them pursue careers in international trade and goods movement. The Port of Long Beach Scholarship Program helps students prepare for future careers and leadership positions in the international business community.
With the latest awards, the Port has presented $388,150 in scholarships to 243 students since 1993.
Read More: For full news release, click here.
Watch: For video of awards ceremony on the Port's YouTube Channel, click here.
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Pulse of the Port
Watch the latest installment of the award winning program Pulse of the Port. In this episode; green buildings, radiation monitoring at the port, trade forecast and more. For video, click here.

Centennial Blog
Passengers aboard ocean liners arriving at the Port of Long Beach in the 1950s and '60s often got a musical greeting from the Long Beach Municipal Band. To find other interesting historical facts during the Port's 100th year anniversary, visit the Port's Centennial blog at www.polb.com/blog.

Seafood Fest
Tickets for the Annual Seafood Feast Fundraiser on June 8 are now available. The Propeller Club of Los Angeles-Long Beach, the Port of Long Beach, the Port of Los Angeles and the International Longshore and Warehouse Union will host the event to be held at the San Pedro Fish Market.
For more information please contact Monika Wegener at (818) 951-2842 or visit www.propellerclublalb.org.

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