Cosco Pays The China Price as California’s Port Activity Slows — Panjiva
Más

Panjiva_research_logo

Cosco Pays The China Price as California’s Port Activity Slows

China 1793 Corp - Ports 670 Corp - Shipping 616 Mode - Containerized 1017 Mode - Seaborne 1286 U.S. 3362

Container handling through the Californian ports of Long Beach, LA and Oakland rose 3.4% year over year in April. That masked a weak performance from exports which dropped for a sixth straight month by 6.7%. The export decline likely reflects China’s retaliatory tariffs – China represented 30.9% of outbound containers in the past 12 months – and may worsen given the May 10 escalation in the tariff war. Imports from China are likely to take a further step down. Imports are already in decline with China-to-California shipments down 13.2% year over year. That hit Cosco Shi...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.