A look back at 2020 - the year that container supply chains collapsed

Photo: www.dreamstime.com

As an unparalleled year for container shipping draws to a close ocean carriers are popping champagne corks to celebrate record profits, while beleaguered shippers reel against skyrocketing freight rates and a broken supply chain.

2020’s annus horribilis for shippers threatens their very existence and has left relationships with carriers in tatters.

However, back in May, at the height of the pandemic, it was the container lines that were staring into the abyss of bankruptcy as consumer demand fell off a cliff due ...