Coronavirus Causes Nearly $2bn Loss for Box Carriers!

Capt. John

According to a Loadstar article wirtten by Gavin van Marle, the financial cost of the coronavirus outbreak to container lines is now approaching the $2bn mark, points out a new research conducted by the SeaIntelligence Consulting.

Massive Loss

Up to the beginning of this month, the Copenhagen-headquartered analyst estimates that the industry has lost 1.9m teu in volumes since the onset of the crisis, which dampened demand due to the widespread closure of factories in China.

“At a rough average...

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