By Theo Notteboom
Below a graph showing the volume losses in January – February 2020 compared to the same period last year for the key #container #terminals of Cosco Shipping Ports. The impact of #COVID-19 is obvious. Chinese ports are slowly but surely becoming fully operational again, but it is expected also March 2020 will show negative figures for most Chinese ports. The full impact of the virus on European and North American ports will only start to be visible this month. If China is indicative, then prospects for these ports are not good, certainly considering the fast spread of the virus in Europe and North America.
It could become a very bumpy ride this year.
