Seaboard Faces Stiff Competition from Maersk, Crowley on New Routes — Panjiva
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Seaboard Faces Stiff Competition from Maersk, Crowley on New Routes

Corp - Ports 879 Corp - Shipping 975 Guatemala 12 Mode - Containerized 1467 Mode - Seaborne 1800 U.S. 5316

Seaboard Marine is extending its U.S.-Central America container-line services include a New York to El Salvador, Guatemala, Honduras and Nicaragua routing. The move may be an attempt to shore up growth. Seaboard’s U.S.-inbound shipping volumes fell 5.1% year over year in the three months to Apr. 30 after an 8.6% rise in 2018. It faces stiff competition however on routes from those four countries to north-east U.S. ports, which accounted for 87.6k TEUs in the 12 months to Apr. 30. The largest container-line on the route, with 42.4% of volumes, was Del Monte’s in-house shipping line. Secon...

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