Receive FREE Newsletter
Advanced Search
+

News / 'No hope' of bounce-back in demand for container shipping this year

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

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 ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

  • 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?

Related Stories

Topics

BIMCO coronavirus demand Idle tonnage Pump up the volumes