Container lines could lose upwards of USD 23 billion in the corona crisis

Container shipping companies face massive billion dollar losses in 2020 if they fail to prevent a collapse in rates, projects Sea-Intelligence. More than 200 sailings have been voided.

by KATRINE GRØNVALD RAUN

If the container shipping lines are unable to prevent a collapse in rates, they could face a huge loss of USD 23 billion in 2020, writes analyst firm Sea-Intelligence in a new analysis.

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