PIL and Maersk’s California’s Nightmare Shouldn’t Be Overstated — Panjiva


PIL and Maersk’s California’s Nightmare Shouldn’t Be Overstated

China 1760 Corp - Ports 661 Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3301

Container handling through California’s big three ports climbed 6% on a year earlier in June, led by Long Beach’s 14% surge which led Los Angeles once again. An 8% rise in inbound volumes can be easily pinned on pre-tariff shipment surges from China. Yet, volumes only increased 5% on a year earlier from 2% in May. There will nonetheless likely be a slowdown given China accounted for 59% of inbound volumes in the past 12 months. Pacific International and Wan Hai were most exposed to China in their Californian inbound volumes at 94% and 90% respectively while Maersk (70%) was more exposed ...

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