Europe locked down in March. Many U.S. states followed suit in April. Demand for containerized cargo and oil evaporated overnight. Now, much of Europe is closed down once again. U.S. business restrictions are tightening. COVID hospitalizations are reaching new heights. And ocean shipping demand is at risk of a relapse.
There is “significant uncertainty given rising lockdowns,” warned Clarksons Platou Securities in its shipping outlook this week.
Craig Stevenson, CEO of tanker owner Diamond S...
https://www.freightwaves.com/news/covid-lockdown-sequel-threatens-shipping-demand