The Port of Long Beach's TEU traffic dropped by 9.8% year-on-year in February 2020 as a result of the coronavirus outbreak and continued tariffs between the US and China, according to a statement.
The Port of Oakland’s January 2020 are positive but questions remain over the impact of the coronavirus on trade growth
The Port of Los Angeles had one of its best years on record in 2019 with a cargo throughput of 9,337,632 TEU, just short of its second best 12 months in its 113-year history.
The real effects of US President Donald Trump’s tariffs on China are being felt by ports across the US with West Coast ports reporting slow progress due to the restrictions.
CMA CGM, the fourth-biggest container shipping line in the world by market share, enjoyed growth in volume, revenue and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the second quarter of 2019 despite global uncertainty.
China decision to file an official complaint with the World Trade Organisation (WTO) over new tariffs from the United States (U.S.) on Chinese products is mostly a symbolic attempt to gain "moral high ground by supporting the international trading system amid the ongoing trade war", said South China Morning Post quoting analysts.
COSCO SHIPPING has announced interim results of the Company and its subsidiaries for the semester ended June 2019.
A.P. Moller – Maersk (Maersk), the biggest shipping carrier in the world by market share) has announced a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA).