CMA CGM, Cosco grow as Seattle-Tacoma finds blank sailings rule the waves

Corp - Ports 786 Corp - Shipping 810 Mode - Containerized 1269 Mode - Seaborne 1599 U.S. 4626

Container freight handling through Seattle and Tacoma’s ports dipped 13.8% year over year in August, including a 7.4% slide in imports that bucked a national trend of improving volumes. The port has been particularly susceptible to blanked sailings, a strategy used by the container-lines to manage capacity and maintain profitability in the face of COVID-19 weakened demand. Panjiva’s data shows that the major container-alliances took different approaches to using the port in august. Shipments handled by Ocean Alliance partners CMA CGM and Cosco Shipping rose by 10.4% and 13.4% respectivel...

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