Marginal gains on east-west ocean container routes in a challenging week
Despite the huge uncertainty US tariffs have injected into container supply chains, and its potentially ...
ID 62096177 © Yiu Tung Lee | Dreamstime.com
The financial cost of the coronavirus outbreak to container lines is now approaching the $2bn mark, according to new research from SeaIntelligence Consulting.
Up to the beginning of this month, the Copenhagen-headquartered analyst estimates that the industry has lost 1.9m teu in volumes since the onset of the crisis, which dampened demand due to the widespread closure of factories in China.
“At a rough average freight rate of $1,000 per teu, this equals a revenue loss of $1.9bn for the carriers,” said ...
Comment on this article