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German carriers have lost up to 40 percent in revenue during corona crisis

A new survey from the German Shipowners' Association reveals that the corona crisis has cost the nation's shipping companies up to 40 percent of their revenue in March and April, putting pressure on liquidity.

Photo: Fabian Bimmer/Reuters/Ritzau Scanpix

The corona crisis has seen revenue at German shipping companies dropping by 30-40 percent in March and April – and the coming months will see additional setbacks – according to a survey conducted by the German Shipowners' Association.

50 members of the association have responded in the survey, and among them are all of Germany's 30 largest shipping companies.

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