Amazon the source of Matson’s Q3 China shipping flood — Panjiva
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Amazon the source of Matson’s Q3 China shipping flood

China 3053 Corp - Shipping 1030 Earnings 759 Mode - Containerized 1525 Mode - Seaborne 1846 U.S. 5404

Matson has reported Q3 figures that include a 125% year over year surge in the container line’s China-to-U.S. service volumes. That follows the addition of a new, expedited service that has arrived just as post-pandemic exports from China have climbed. Total U.S. seaborne imports from Chinese ports reached a record 1.176 million TEUs in September after 20.3% year over year growth for the month. That brought the Q3 total to a 14.6% expansion. The growth in shipments from China handled by Matson included a jump in imports for Amazon.com to 2,546 TEUs in Q3’20 compared to jus...

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