Orient Overseas’ Service Trim Says More About Competition Than Demand — Panjiva
Más

Orient Overseas’ Service Trim Says More About Competition Than Demand

Corp - Shipping 1025 Mode - Containerized 1523 Mode - Seaborne 1845 U.S. 5398

Orient Overseas has withdrawn 10 Trans-Pacific container shipping sailings in March as a result of “expected low demand”. That comes after a slump in shipping rates as well as the normal seasonal low for Trans-Pacific traffic – volumes in March are normally 12.9% below the monthly average over a year. There has however been a slowdown in demand from exporters. Volume growth on Asia-Pacific to U.S.-West Coast port routes climbed 17.7% year over year in December but by just 0.6% in January and could have fallen by as much as 7.8% in February. ​​​​​​​Orient Overseas meanwhile saw a 15.2% dr...

Copyright © 2025 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.