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Showing research about Mode - Containerized

20190520-canals-suez

Maersk Bolsters Suez as Canal Competition Set to Heat Up

Maersk’s APM Terminals is set to expand operations at the Suez Canal Container Terminal. While the Suez Canal saw a 5.6% year over year increase in traffic in the 12 months to Apr. 30, transits by container-ships fell 0.8%. Activity through Suez has continued to outpace that through the ... Read more →

20190520-first-cut-total

Downturn Predictions Defied as U.S. Imports Spring Up in April

U.S. seaborne imports grew 3.5% year over year in April – arguably the first normalized month following the lunar new year period and earlier tariff volatility. It may be the last for a while given the increase in tariffs on Chinese imports applied from May 10. Imports from China increas... Read more →

20190509-hapag-revenues

Hapag Lloyd’s Success Not All It Seems, But Still Solid

Hapag-Lloyd reported 1Q 2019 revenues that surged 16.9% higher year over year. That was largely down to a strengthening dollar, excluding which the container-line’s revenues rose by 8.6%. The increase was driven by a 2.4% increase in volumes including transpacific volumes that fell by 1.... Read more →

20190508-sing-ports-ma-penn

Port Ownership Shuffle Continues as Singaporean Money Arrives

The U.S. seaport sector continues to be roiled by financial restructuring, with two Singaporean investments made in the past few days. PSA International acquired a series of assets from Macquarie including Penn Terminals. The largest users of that asset include ICL, Seaboard Marine and Crowley... Read more →

20190502-one-ports-all

ONE’S Terminal Restructuring Overdue But Still Necessary

A disagreement over port asset valuations is holding up the final structuring of Ocean Network Express (ONE), the jointly owned container-line of \K-Line, Mitsui-OSK and NYK Line. The U.S. port assets of the three companies – located in Oakland, Long Beach, Los Angeles, Jacksonville and ... Read more →

20190425-us-ports-perf-comp

Ports’ Storm Over in March, U.S. Trade Deficit Hike Possible

The U.S. government’s trade data reporting schedule finally returns to normal on May 3 with advance figures for March. Analysis of eight major seaports indicates a return to growth in U.S. international trade with a 5.2% increase year over year compared to an 8.1% contraction in February. Expo... Read more →

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