Big Rush to the Big Apple Helps COSCO Shipping and Evergreen Now, Will Hurt Later — Panjiva
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Big Rush to the Big Apple Helps COSCO Shipping and Evergreen Now, Will Hurt Later

China 1762 Corp - Ports 664 Corp - Shipping 610 Mode - Containerized 1007 Mode - Seaborne 1275 U.S. 3310

Container handling through the Port of New York and New Jersey climbed 7% in June vs. a year earlier to set the second highest on record (after last August). Imports from China (including Hong Kong) led the way with a 24% surge in volumes likely resulting from a rush to beat duties on Chinese exports applied from July 6. Shipments from Europe rose by just 5%, suggesting underlying demand is modest. COSCO Shipping took the lion’s share of growth in volumes from China with a 66% jump in handling alongside Evergreen’s 58%. However with 58% of volumes coming from China in the past 12 months ...

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