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


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...

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