The defining feature of September in U.S.-bound shipping was the demise of Hanjin Shipping, the main winner was Hyundai Merchant Marine. HMM increased its volumes on U.S.-bound seaborne routes by 15% vs. August and 5% on a year earlier. Maersk and MSC, who also added new Asian routes, were close behind though adding 9% and 12% to volumes vs. September 2015. The market expanded by just 1.3%. Over the longer term, Hapag-Lloyd overtook Evergreen as number four for the three months to September 30. Of more concern are Zim, Mitsui OSK and NYK Line, all of which lost significant market share –...
Supply Chain Research
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