Alliances Matter More Than Competition as Container Freight Activity Dips — Panjiva
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Alliances Matter More Than Competition as Container Freight Activity Dips

Corp - Shipping 1026 Mode - Containerized 1524 Mode - Seaborne 1845 Theme - Alliances 99 U.S. 5399

Container shipping firms operating U.S.-inbound routes saw a 3.9% year over year decline in volumes in February, largely due to reduced shipments from China. Evergreen and Orient Overseas were the only shipping firms to see improved handling while the biggest losers were Cosco Shipping and HMM. MSC saw the biggest reversal of fortunes with a 3.9% slide reversing a 15.5% rise in the prior three months. Yet, when MSC’s performance is combined with that of its 2M Alliance partner Maersk the two together saw a decline of just 4.5%. The other two major shipping alliances of Ocean (CMA-CGM, Ev...

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