LA/LB and Tanjung Pelepas celebrate as 2024 port 'winners and losers' revealed
**EDITED AT 14:00 BST 02/04/25 TO INCLUDE QUOTE FROM ANTWERP-BRUGES** Last year’s port throughput “winners and ...
ID 79752504 © Steve Allen | Dreamstime.com
By Mike Wackett
Cold water is being poured on any optimistic outlook by some ocean carriers for a speedy recovery of the container industry from the impact of Covid-19.
In his latest assessment of the market, Bimco’s chief analyst, Peter Sand, said the current economic situation “provides no hope for a short-term recovery”.
“The coronavirus pandemic looks set to continue to hammer container shipping demand,” he added.
He said the lower demand that came when China shut down in February had passed, but had been replaced ...
Comment on this article
Michelle
May 27, 2020 at 12:02 amHonestly this article isn’t true. I don’t know where people get their information from but I work at the dock and it hasn’t slowed down. Not even a little bit. Things are just the same as usual
Nicholas Franslay
June 01, 2020 at 8:17 pmThat’s interesting. Most ports I am aware of (HK, SG, etc) experienced a drop in TEU throughput in Q1 with them expecting larger drop in Q2 as more countries entered lockdown in Apr. Which country are you working at and I assume hasnt experienced a drop in volume?