Shipping - Container Port - Logistics
ID 79752504 © Steve Allen | Dreamstime.com

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 ...

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  • Michelle

    May 27, 2020 at 12:02 am

    Honestly 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 pm

      That’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?