First in a decade: Trans-Pacific box trade to contract this year

The trans-Pacific container trade from Asia to North America is headed for its first annual decline in a decade, according to Alphaliner. Maersk, MSC, Hapag-Lloyd and COSCO are the carriers that have lost the most market share this year as volumes have contracted.

The France-based container shipping analyst predicts that the eastbound trans-Pacific container trade will…

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