ONE Tops The Chart in Norfolk as China Traffic Collapses — Panjiva


ONE Tops The Chart in Norfolk as China Traffic Collapses

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

The Virginia Port Authority, centered on Norfolk, reported a 4.8% year over year drop in container handling in March, a turnaround from growth of 4.8% on average in the prior three months. A drop in imports was to blame, including a 23.6% slump in shipments from China. Most of the container-lines saw a contraction in their inbound traffic from China including a 19.7% decline for CMA-CGM. Ocean Network Express meanwhile was an outlier with a 60.0% surge as it introduced new and improved services. That rate may accelerate in the coming months as the carrier had significant IT problems in A...

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.