According to a LoadStar article written by Gavin van Marle, the container shipping industry could lose as much as $23bn this year from reduced demand in the wake of the coronavirus pandemic.
What is it?
Demand for unitised shipping services is set to nosedive as a result of the economic devastation wrought by large swathes of the world forced into social lockdowns.
Research today from liner analyst SeaIntelligence Consulting reports that the best carriers can hope for this year would be a 10% decline in container volumes, compared with 2019.
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Source: The LoadStar