Panjiva Research

Maersk Bolsters Suez as Canal Competition Set to Heat Up

May 18, 2019

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 →

Cosco Pays The China Price as California’s Port Activity Slows

May 15, 2019

Container handling through the Californian ports of Long Beach, LA and Oakland rose 3.4% year over year in April. That masked a weak performance from exports which dropped for a sixth straight month by 6.7%. The export decline likely reflects China’s retaliatory tariffs – China rep... Read more →

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

May 13, 2019

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 →

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

May 9, 2019

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 →

Port Ownership Shuffle Continues as Singaporean Money Arrives

May 7, 2019

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 →

Better Rates Don’t Mean Better Conditions for Shipping Lines in April

May 1, 2019

The global shipping industry saw an improvement in rates in April, with container rates having risen by 1.0% during the month. Yet, rates are still down year-to-date, reflecting the weakening of global trade conditions since 4Q’s Trans-Pacific activity surge. There’s also been a 4.2% rise in b... Read more →

ONE’S Terminal Restructuring Overdue But Still Necessary

May 1, 2019

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 →

Canada’s Container Congestion Restrained, Montreal Tackles Trucking

May 1, 2019

Canada’s ports are making long-term investments to fix the short-term congestion issues they faced in late 2018. The latest move is advanced paperwork filing to reduce truck turn times at port facilities run by MSC and others in Montreal. That’s come as export growth at the port re... Read more →

Bright Opening For Container-Lines Isn’t Necessarily Good For All

April 29, 2019

The start of the container-lines 1Q reporting season has seen both COSCO Shipping and the major Japanese liners reporting higher EBITDA margins. Many of the drivers are company-specific though. COSCO Shipping’s EBITDA margin improved to 8.1% from 6.5%. That included a more choosy approach to m... Read more →

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

April 24, 2019

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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