Hapag-Lloyd plans for winter pandemic drag on Europe-U.S. trade

Coronavirus 456 Corp - Shipping 838 France 143 Italy 57 Mode - Containerized 1307 Mode - Seaborne 1634 Spain 44 U.S. 4741

Hapag-Lloyd has cancelled a planned sailing from southern Europe to the U.S. for Dec. 29, which the container-line says is “due to lack of cargo because of the current COVID-19 situation and as part of the winter program”. Hapag-Lloyd’s handling of freight between ports on the route in France, Italy and Spain to the U.S. east coast climbed by 15.4% year over year in October and by 23.0% in the first half of November. That would suggest the firm is expecting a sudden slowdown in growth. Other container-lines do not yet appear to have followed suit. Total U.S. seaborne imports handled by a...

Copyright © 2021 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.