Panjiva Research

ONE Beats 2M As Norfolk Bucks The National Downward Import Trend

March 19, 2019

Container handling through the port of Norfolk and its neighbors climbed 4.3% year over year in February. A 5.0% improvement bucked the national trend of declining volumes. While shipments from China fell 7.0% there was a marked improvement in shipments from Europe and the rest of the world. T... Read more →

MSC and Maersk Address Lone Star’s State of Service as CMA-CGM Takes Share

March 19, 2019

MSC and Maersk are enhancing their Lone Star container shipping service, which runs from China and South Korea to the U.S. east coast, with the addition of a vessel to “improve customer experience and schedule reliability”. Service enhancements are an increasing area of competitive... Read more →

CMA-CGM Secures Ceva Majority, Closer Coordination Has Already Started

March 14, 2019

Container-line CMA-CGM has acquired 89.5% of the shares in Ceva Logistics. That allows it to continue with the process of closer operations – but not a complete merger – with the freight forwarder. Ceva Logistics has aggressively built up its market share on U.S.-inbound routes over the past y... Read more →

Alliances Matter More Than Competition as Container Freight Activity Dips

March 14, 2019

Container shipping firms operating U.S.-inbound routes saw a 3.9% year over year decline in volumes in February, largely due to reduced shipments from China. Evergreen and Orient Overseas were the only shipping firms to see improved handling while the biggest losers were Cosco Shipping and HMM... Read more →

New York Looks to Cement Gains with Portland, Wilmington Barge Service

March 13, 2019

The Port Authority of New York and New Jersey may launch barge services for onward shipment of containers by year end to help reduce congestion. Maersk’s APM Terminals has already used local barge shipments after imports to New York cimbed 12.8% year over year in 2018. The new services would h... Read more →

BP’s New Fuels Carry Significant Costs for Shipping Lines

March 13, 2019

Oil refiner BP has launched its range of IMO-compliant shipping fuels ahead of the implementation of new sulfur emission regulations in 2020. Shipping lines face a significant increase in costs in 2020 given the new fuels cost $188 per ton, or 45.2%, more than high sulfur fuels according to S&... Read more →

Everglades Dries Up as U.S. Port Activity Slows

March 12, 2019

U.S. port activity slipped in February with total containerized freight imports having fallen by 3.4% year over year due to reduced shipments from China and Europe. Long Beach saw the fastest decline among the major ports with a 15.3% drop, representing an acceleration from a 0.5% decrease see... Read more →

Deutsche Post DHL Leads Forwarders in Prioritizing Profitability Over Growth

March 7, 2019

Deutsche Post DHL reported 4Q 2018 revenue growth of 5.1%. That was the fastest rate of growth since 3Q 2017 but lagged the freight forwarder sector average of 7.1%, in part due to seafreight volumes that grew by just 0.5%. The firm plans to grow at levels “closer to market” in 201... Read more →

Jacking Up Jacksonville’s Handling Needs Major Investment, Big New Customers

March 5, 2019

The Jacksonville Port Authority (Jaxport) and Carrix Inc.’s SSA Marine have signed a $238.7 million, 25 year deal to expand the Florida port’s facilities. That followed a 38.8% rise in containerized freight handling in 2018 versus 2015 and demonstrates the significant expense and extende... Read more →

Daimler and Heineken May See Disruption from CMA-CGM’s Slipped Sailing

March 5, 2019

CMA-CGM has cancelled one sailing and delayed three others on its Liberty Bridge service from Europe to the U.S. due to “bad weather crossing the Atlantic and congestion” at ports on both sides of the Atlantic. Congestion has been a widespread challenge for the container-lines, tho... Read more →

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