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Hapag-Lloyd, Maersk flag strained system, new services as growth slows

China 2894 Corp - Shipping 936 India 466 Mode - Containerized 1424 Mode - Seaborne 1760 Vietnam 342

The container shipping lines had a bumper Q2’21 and remain confident for the rest of 2021 and into early 2022. The EBITDA reported by Maersk and Hapag-Lloyd rose by 198% and 177% year over year in Q2’21. While largely down to higher rates there’s a continued contribution from elevated volumes. U.S. seaborne imports climbed 14.4% year over year in July, though that was slower than the 31.5% rate experienced in June. The slowdown has partly been thanks to the Yantian port closure in China, with imports from Chinese ports up bny just 3.5% in July. New closures in Ningbo may provide disrupti...

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