CMA-CGM and THE Alliance The Root of Long Beach’s Problems in July — Panjiva
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CMA-CGM and THE Alliance The Root of Long Beach’s Problems in July

Corp - Ports 695 Corp - Shipping 651 Mode - Containerized 1069 Mode - Seaborne 1350 U.S. 3582

Containerized freight handling through the port of Long Beach fell 9.7% year over year in July, largely due to a 9.9% drop in imports. An earlier slowdown in shipments into the port by Orient Overseas and COSCO Shipping – which saw their volumes fall 27.5% year over year in July according to Panjiva data – was potentially linked to the former’s sale of assets at the port. That reversed to a 7.4% year over year growth in July. There was a decline in shipments by CMA-CGM, which fell 27.5% year over year in July, while those handled by Hapag-Lloyd and Ocean Network Express (the lead members...

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