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MSC delivers the opposite of blanking as Maersk hits China-U.S. record

China 2606 Cons. Discr. - Durables 346 Corp - Ports 788 Corp - Shipping 815 Info Tech - Tech Hardware 622 Mode - Containerized 1276 Mode - Seaborne 1605 U.S. 4645

MSC is reinstating its Santana container shipping service which runs from the ports of Yantian and Shanghai in China to Long Beach in the U.S. The firm has done this “in anticipation of continuous strong Transpacific market demand”. The move may also allay Chinese antitrust concerns regarding container shipping rate setting as shipping firms previously “blanked” services to manage falling demand. MSC’s shipping on China-to-U.S. lanes surged 27.9% higher than a year earlier in July, comparable to its 2M Alliance partner Maersk’s 26.7%. The latter hit 122,000 TEUs of containers carried in ...

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