Cold water is being poured on any optimistic outlook by some ocean carriers for a speedy recovery of the container industry from the impact of Covid-19.
In his latest assessment of the market, Bimco’s chief analyst, Peter Sand, said the current economic situation “provides no hope for a short-term recovery”.
“The coronavirus pandemic looks set to continue to hammer container shipping demand,” he added.
He said the lower demand that came when China …
The post ‘No hope’ of bounce-back in demand for container shipping this year appeared first on The Loadstar.
Source: The Loadstar