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Container lines lost 7 percent of their volumes in first half-year

Global container volumes dropped 6.8 percent in the first half of the year, although the decline lessened in June. Recent trends lend hope to a full year impact in 2020 not being as severe as first feared, writes analyst firm Sea-Intelligence.

Photo: PR / Port of Hamburg

The coronavirus crisis shaved significant chunks of volumes off the world's container ships, causing volumes to drop 6.8 percent in the first half of the year, shows new analysis by Sea-Intelligence, which uses figures from Container Trade Statistics.

The drop is equivalent to a drop of 5.7 million teu compared to the same period last year. April turned out to be the month in which the effects of the coronavirus pandemic started affecting statistics in earnest, while things improved slightly in May. In June, the drop lessened and global freight volumes only dropped 5.1 percent.

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