Hapag-Lloyd The Best of a Bad Lot as Container Lines Suffer Poor Q4 — Panjiva


Hapag-Lloyd The Best of a Bad Lot as Container Lines Suffer Poor Q4

Corp - Shipping 704 Mode - Containerized 1132 Mode - Seaborne 1438 U.S. 3973

U.S. inbound volumes of containers fell by 7.8% year over year in 4Q after a 10.6% drop in December. That’s been down in part to the demand-drag from the U.S.-China trade war as well as the timing effect of earlier stockpiling. Among the major container lines the worst performers were HMM and CMA-CGM with declines of 16.3% and 12.6% respectively in 4Q while Hapag-Lloyd did best with a slip of just 3.5%. Hapag-Lloyd’s CEO, Rolf Habben Jansen, has indicated that “trade conflicts can have an impact on trade routes” and that the firm will “have to live with these possible fluctuations”. Hapa...

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