Container Shipping Has A Profitable Year Amidst COVID Challenges

There is money to be made by both carriers and tonnage providers as volumes defy usual seasonality and remain strong into the fourth quarter of the year, writes BIMCO CEO, Peter Sand in an article published on their website.

On top of that, low bunker prices –, one of the keys to high profitability this year – look set to stick around.

However, with COVID-19 cases on the rise again, and a slow recovery the outlook for next year, things aren’t all rosy for container shipping.

Demand drivers and...

https://mfame.guru/container-shipping-has-a-profitable-year-amidst-covid-challenges/

Low Bunker Price the Only Advantage for Carriers!

The Covid-19 crisis has – and will continue to – hit the container shipping market hard, and the current economic situation provides no hope for a short-term recovery, writes BIMCO CEO, Peter Sand, in an article published on their website

Demand drivers and freight rates

The coronavirus pandemic looks set to continue to hammer container shipping demand. While the lower demand that came when China shut down much of its manufacturing in February has passed, it was been replaced by a demand...

https://mfame.guru/low-bunker-price-the-only-advantage-for-carriers/