Just as activities were slowly returning in China following the coronavirus outbreak, and container lines were getting ready to again soon be filling their ships leaving Asia, the escalating virus in Europe and the US now threatens to trigger much more dire consequences for the sector.
According to Lars Jensen, shipping analyst and CEO of Sea-Intelligence Consulting, the scenario has become even bleaker after the WHO has now characterized the coronavirus as a pandemic, and the rate of new cases in Europe as well as the US is starting to intensify for real.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.
More from ShippingWatch
August represented a historic low point for container carriers' schedule reliability. Only three out of ten container vessels – or 33.6 percent – managed to deliver goods on time, according to new figures from Sea-Intelligence. Reliability hasn't been lower in the ten years the analyst firm has monitored reliability.