ShippingWatch

Coronavirus' worst-case scenario looks very severe for shipping

Consultancy firm Drewry outlines three possible scenarios for how the coronavirus could develop and impact global trade, and thus the container sector. They range from optimism to a worst-case scenario that could have severe consequences.

Photo: CHINA DAILY/REUTERS / X01745

While a growing number of European nations are reporting cases of coronavirus, many are waiting with bated breath to hear news of when authorities are able to contain the virus outbreak.

This applies not least to the shipping sector, which is among the hardest-hit industries. This is already reflected in the statements made by CEOs such as Maersk's Søren Skou, and in the slides seen at stock exchanges around the world, where transport shares in particular have gone down.

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