Evergreen Not Wilting in California as Hapag-Lloyd Shoots Higher — Panjiva


Evergreen Not Wilting in California as Hapag-Lloyd Shoots Higher

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

Container handling through California’s big three ports fell 1% on a year earlier in August, led by a 2% decline in volumes imported to LA, Long Beach and Oakland. The initiation of duties on $50 billion of Chinese exports by the Trump administration was the main driver, resulting in a 7% drop in shipments vs. a 4% rise in the prior three months. Import growth of just 1% from all other countries indicates growth elsewhere is hardly healthy though. Among the container-lines the outliers that saw improving China-California volumes were Hapag-Lloyd (25% higher than a year earlier), Evergree...

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