COSCO Pays Price Before Tariffs Bite With Third TransPac Service Withdrawal — Panjiva
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COSCO Pays Price Before Tariffs Bite With Third TransPac Service Withdrawal

China 1761 Corp - Ports 663 Corp - Shipping 610 Mode - Containerized 1006 Mode - Seaborne 1275 U.S. 3306

The Ocean Alliance will cut one of its Transpacific services (PSW4) which is currently operated by COSCO Shipping. The removal of the China-Long Beach/Seattle service is likely driven by an expectation of lower volumes as the U.S.-China tariff spat escalates.  That follows similar moves by THE Alliance and 2M. Growth on the lanes (including Shanghai and Ningbo) has been strong so far with a 10% rise in the second quarter on a year earlier after 23% in the prior three quarters. The alliance’s concern may be overexposure to the route, with the Ocean Alliance already holding a 49% mar...

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