Suez scarring improves appeal of new Orient Overseas service — Panjiva
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Suez scarring improves appeal of new Orient Overseas service

China 3053 Cons. Discr. - Durables 575 Corp - Shipping 1030 Germany 268 Materials - Construction 121 Mode - Containerized 1525 Mode - Rail 120 Mode - Seaborne 1846 U.S. 5404

Orient Overseas has launched a new, rail-and-sea containerized freight service from Xi’An in China to the U.S east coast via Bremerhaven in Germany. That may prove attractive to shippers that faced disruptions as a result of the Suez Canal blockage earlier in 2021. It may also help maintain Orient Overseas’ growth given U.S. seaborne imports handled by the firm fell by 13.9% year over year in July 2021. Importers to U.S. East Coast ports on the service from the region 500 km around Xi’An accounted for 64,000 TEUs of shipments in the 12 months to July 31. The largest ...

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