Coronavirus Toll on Shipping Reaches $350 Million a Week
Costas Paris Feb. 10, 2020
Falling volumes and canceled sailings hit container shipping, bulk operators face falling industrial demand
Diminished trade as a result of the coronavirus outbreak is costing container shipping lines $350 million a week in lost volumes, a new report says, as declining activity in China begins to take a deeper toll on maritime operations from shipyards to carriers of bulk commodities.