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.


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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

DSV CEO on ocean freight: "Currently a flat market"

Despite significant revenue growth in its air and sea division, DSV saw "a flat market" for ocean freight in the third quarter. But CEO Jens Bjørn Andersen doesn't expect a setback in the market. "The goods must be freighted," he says.

Further reading

Related articles

Trial banner

Latest news

See all jobs