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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs