Mar 31, 2020
— Long-term container shipping contracts have registered their first pricing decline since last October, prompting fears that the industry is heading towards “a recession of seismic proportions”.
Mar 23, 2020
— In a joint letter to the the UN, the International Chamber of Shipping (ICS) and the International Transport Workers’ Federation (ITF) say the world’s governments must ensure ports remain open, while facilitating crew changes with as few obstacles as possible.
Feb 25, 2020
— The coronavirus is set to wipe a “chilling” 1.7m teu of container business, according to new research from Copenhagen-based Sea-Intelligence. The 1.7m teu loss is equal to 1% of the total global volume in 2019, meaning the virus is thus far on track to reduce global container growth in 2020 by 1 percentage point.