2M Reaps The Benefit of China’s Surge, Ocean May Pay The Price for Tariffs — Panjiva


2M Reaps The Benefit of China’s Surge, Ocean May Pay The Price for Tariffs

China 1758 Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Container-lines operating U.S.-inbound routes saw an 8% surge in volumes on a year earlier in June due to a 13% rise in shipments from China. Those came ahead of 25% duties on $50 billion of exports. While there was a 6% rise in shipments for the quarter that may do little to help revive the container-lines’ declining profit margins. The mid-sized Asia specialists Evergreen (16% higher) and Yang Ming (21%) grew quickest while among the alliances 2M did best (both MSC and Maersk saw an 11% rise). Ocean Network Express was the only major to suffer a downturn in volumes (3% lower) due...

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