Panjiva Research

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

July 18, 2018

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 ea... Read more →

Panjiva Daily: Panalpina reaps the rewards, CMA-CGM WAXes lyrical and galvanizing the Senate

July 18, 2018

Panalpina reported better-than-expected profit margins after taking a more conservative approach to market share. CMA-CGM has expanded its Asia-Mid East service as oil prices rise. The prospect of the Senate reining in President Trump s232 tool is rising. Also: the U.S. has launched a WTO disp... Read more →

CMA-CGM WAXes Lyrical About Asia-to-Gulf Trade Opportunity

July 18, 2018

CMA-CGM is extending its “WAX” service between Asia and the Middle East, adding ports in China, South Korea and Oman. That’s likely designed to take advantage of rising consumer and industrial demand in the Middle East after oil prices climbed 47% on a year earlier in the second quarter of 201... Read more →

Trade War Quote Watch: Companies Will Make Customers Pay

July 18, 2018

During the 2Q earnings reporting season companies will likely be asked about the impact of tariffs on their supply chains. We’ll be tracking comments using the S&P Global Market Intelligence platform in this regularly updated report. So far comments have been split between: cost increases... Read more →

Suez Pile-up Comes as Transits Climb, Vessels Get Heavier

July 17, 2018

Shipping through the Suez Canal has been disrupted by a sequence of vessel groundings and collisions started by a container-vessel. That highlights the physical disruption risks faced by the logistics industry. It follows a 4% increase in the number of shipments through the canal in the past 1... Read more →

Metals Retaliation-Squared Risks Tariff Spiral For Surgeons and Engineers

July 17, 2018

The USTR has launched five WTO disputes regarding retaliatory duties against America’s section 232 steel and aluminum reviews. That raises the prospect of additional duties on $28.5 billion of imports. The process is complicated by the ongoing section 301 tariff spat with China as well as NAFT... Read more →

Panalpina Reaps the Reward For Slower Ocean Revenue Growth

July 17, 2018

Panalpina reported 2Q revenues that grew 11% on a year earlier. That was 2% points slower than analysts expected for the freight forwarder. That was likely due to a 1% decline in ocean freight volumes compared to a market rise of 4%. There was a similar pattern seen in the U.S. where inbound v... Read more →

Autos Retaliation Risk May Galvanize Senators To Act Against Trump’s Trade Powers

July 17, 2018

The Trump administration’s section 232 review of the automotive industry may prove to be a race between the Commerce Department’s investigation and the Senate’s attempts to limit the President’s trade policy powers. Public hearings in the national security review are scheduled for July 19. Sen... Read more →

Panjiva Daily: 2M’s bigger bet, light in the liners’ tunnel and Trump’s impact on back-to-school shipping

July 17, 2018

Maersk and MSC have added capacity on Transatlantic routes, likely in the expectation of further volume growth. Rising rates and falling bunker fuel provide some hope for the container-lines’ profits. President Trump’s tariffs could distort the back-to-school shipping season. Also: NAFTA negot... Read more →

Boeing’s Farnborough Experience May Be Marred by U.S.-China Tariff Spat

July 16, 2018

The Farnborough Air Show is traditionally a forum for major aerospace manufacturers including Boeing and Airbus to sign new orders. Yet, this year may be overshadowed by the expanding trade war between the U.S. and China. While China has yet to apply duties on America’s $17 billion of aerospac... Read more →