Ocean carriers generally managed to navigate the supply-disrupted first three months of the year quite well, but the demand-disrupted next quarters are likely to tip the industry into significant financial loss, according to a senior analyst.
Based on the Q1 financial results of 11 carriers, and taking an average for the lines that do not report their financials, New York-based consultancy Blue Alpha Capital estimates the collective bottom line for the …

The post Container shipping could be facing a $10bn-plus loss for 2020 appeared first on The Loadstar.

Source: The Loadstar