BIMCO: Container shipping industry hit hard by US lockdown
The coronavirus pandemic has shutdown much of the US economy for months and even as parts of it reopen, the data is beginning to reveal the extent of the damage that has been done and a slow recovery is taking a tentative shape.
The second estimate for GDP in the first quarter shows a 5.0% contraction from the previous quarter, and just 0.2% growth from Q1 2019. With lockdown measures having only come into force in late March, the second...