MSC delivers the opposite of blanking as Maersk hits China-U.S. record — Panjiva
MENU

Supply Chain Research

MSC delivers the opposite of blanking as Maersk hits China-U.S. record

China 2971 Cons. Discr. - Durables 513 Corp - Ports 880 Corp - Shipping 976 Info Tech - Tech Hardware 796 Mode - Containerized 1468 Mode - Seaborne 1801 U.S. 5317

MSC is reinstating its Santana container shipping service which runs from the ports of Yantian and Shanghai in China to Long Beach in the U.S. The firm has done this “in anticipation of continuous strong Transpacific market demand”. The move may also allay Chinese antitrust concerns regarding container shipping rate setting as shipping firms previously “blanked” services to manage falling demand. MSC’s shipping on China-to-U.S. lanes surged 27.9% higher than a year earlier in July, comparable to its 2M Alliance partner Maersk’s 26.7%. The latter hit 122,000 TEUs of containers carried in ...

Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.