EnHanjin Shipping will close its European operations, according to the Wall Street Journal. This is a third part of its restructuring alongside the sale of its transpacific operations and its U.S. port assets. Panjiva analysis shows its European-centric operations accounted for 30% of group volumes shipped, but had already been in decline. Global volumes shipped fell 2% by 1Q16 vs. 1Q13, while Asia-Europe fell 7% and transatlantic dropped 66%.
Supply Chain Research
Related Research
Supply Chain Edge: Under the EU influence, spinning up electronics
• The EU may delay its initial judgment on mainland China’s electric vehicle supply chains, reducing geopolitical pressures, alth... Read more →
Supply China Edge: Tech restrictions widen, Adidas kicks inventory, rate boom returns
• In new research this week, we dive into Japan’s latest technology restrictions, which follow a surge in exports to mainland Chi... Read more →
Supply Chain Edge: Aluminum sanctioned, Aries seized, Apple spreads
• The UK and US have applied new rules to limit Russia’s earnings from aluminum, copper and nickel, but the main result may just ... Read more →
Supply Chain Edge: Stellar start, building ban, India’s Apple
• In new research this week, we find that US seaborne imports have a stellar start to 2024 with growth of 15% year over year in t... Read more →
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.
