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The coronavirus crisis taught container lines how to make money

In March and April, there were no signs that 2020 might become a strong year for the container sector. But why did it take a global pandemic to make an entire industry start making money for real?

Photo: STR/AFP / AFP

Freight rates on the Pacific are experiencing all-time highs. Shipping lines are upgrading their full-year guidance for 2020. Even HMM delivered a profit in the latest quarter.

This sounds like a year in which global growth is booming ahead and the need to transport a container from Rotterdam to Shanghai or from Singapore to Long Beach is exploding. A year in which employees manning the front desks are almost unable to keep up with customer demand.

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