News / Gloomy picture of next few years at container ports as volumes recover slowly

03/06/2020

Container ports “will take years” to recover from the coronavirus pandemic, but accelerating trade regionalisation could increase hub-and-spoke transhipment services.

According to PSA International CEO Tan Chong Meng, the industry should be prepared for a recession.

“Bankruptcies will increase, unemployment pressures will rise and consumption will remain ...

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