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

China 2567 Cons. Discr. - Durables 323 Corp - Ports 782 Corp - Shipping 796 Info Tech - Tech Hardware 607 Mode - Containerized 1252 Mode - Seaborne 1583 U.S. 4559

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 © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.