Philadelphia Double-Up Proceeds, Needs Hapag-Lloyd and CMA-CGM to Succeed — Panjiva
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Philadelphia Double-Up Proceeds, Needs Hapag-Lloyd and CMA-CGM to Succeed

Corp - Ports 879 Corp - Shipping 975 Mode - Containerized 1467 Mode - Seaborne 1800 U.S. 5316

The delivery of Port of Philadelphia’s expansion plan – including $188 million of investment to double it container handling – can be seen most recently in the delivery of two out of five new “super post-Panamax” cranes. The long-term expansion plan should help the port avoid the congestion problems seen recently by other fast growing ports such as Norfolk. Inbound container volumes to Philadelphia climbed 15% in the first quarter on a year earlier. One challenge may be the port’s reliance on the 2M alliance. MSC accounted for 43% of volumes in the past 12 months and Maersk 23%. Potentia...

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