Evergreen Grows Despite China Decline as ZIM’s Momentum Wilts — Panjiva


Evergreen Grows Despite China Decline as ZIM’s Momentum Wilts

Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Container lines operating U.S. inbound services saw a 6.7% increase in March, marking a turnaround from February’s decline. All but two of the big container lines saw improved volumes with Evergreen Marine growing the fastest at 15.1%, continuing its aggressive push for market share. Cosco Shipping saw a downturn of 8.2% when including Orient Overseas as a result of a loss of China volumes that was not offset by the faster growth from other Asian markets that drove the overall improvement in U.S. volumes. ZIM Shipping saw the most marked turnaround with a 2.8% slide in volumes after grow...

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.