NYK Lost U.S.-Bound Rank to Mitsui-OSK in October — Panjiva
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NYK Lost U.S.-Bound Rank to Mitsui-OSK in October

Corp - Shipping 1027 Mode - Containerized 1524 Mode - Seaborne 1845 Theme - Alliances 99 U.S. 5400

U.S.-bound, seaborne import carriers handled 7% more TEUs in October than September, Panjiva data shows. Few of the top 25 shippers saw volumes contract. An exception was NYK, which is a notable contrast to Japanese peers K-Line and Mitsui-OSK ahead of their merger announcement at month end. NYK slipped one place behind Mitsui-OSK in the rankings. Maersk’s “flight-to-safety” comments did not appear to apply in October – both it and MSC lost 0.26% points each of share to smaller players. Yet, on a quarterly basis both their market shares are still higher than a year earlier, part...

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