Matson, Amazon forwarding lead December imports; rates inch up — Panjiva
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Matson, Amazon forwarding lead December imports; rates inch up

Corp - Forwarders 331 Corp - Shipping 946 U.S. 5260

Shipping rates continue to increase out of China, up 1.7% week to week as of the 14th. This was driven by increases in China to Europe rates, up 4.1% week to week and up 126.0% since the end of 2020. Carriers are likely enjoying these increased rates, posting increased profitability at the top of the cyclical shipping market. Matson saw 63.9% year over year growth in December, finishing off 48.9% year over year growth in Q4, while the 2M Alliance continued to lead the alliances in terms of growth, up 8.0% year over year in December collectively, led by Maersk, up 12.9% year over year. ON...

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