ShippingWatch

Oil collapse and pandemic could prove dangerous cocktail to container lines

The low oil price could cause shipping companies to postpone scrubber installations, thereby increasing the capacity of the global fleet at a time when the global pandemic is expected to lower demand significantly, assesses Sea-Intelligence.

Photo: PR / HMM

The collapsed oil price and global pandemic could prove a dangerous cocktail to container shipping companies, assesses Sea-Intelligence.

With the low oil price, fuel prices have also dropped significantly, which at first glance seems beneficial to container lines.

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