Hapag-Lloyd Least Exposed as Norfolk Misses Out on China Duty Traffic Surge — Panjiva
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Hapag-Lloyd Least Exposed as Norfolk Misses Out on China Duty Traffic Surge

China 1758 Corp - Ports 661 Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Container handling at ports in Virginia, including Norfolk, fell 3% on a year earlier in June, the fifth decline in 2018 so far. A 21% drop in empty container handling was mostly to blame while import growth of just 3% made it the worst performing top 10 port in the country. That underperformance largely resulted from Chinese volumes only rising 6% vs. a national average of 13% ahead of duties that applied from July 6. A 10% slide in German shipments and 29% from Brazil didn’t help. The most exposed container-lines to China-Norfolk lanes in the past year were ZIM Shipping (65% of t...

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