Kim Link Wills
Friday, August 14, 2020
Hapag-Lloyd profit swells despite shrinking volumes
The coronavirus pandemic remains a “major source of uncertainty for the entire logistics industry.”
The coronavirus pandemic remains a “major source of uncertainty for the entire logistics industry.”
VLCC rates are up over 200% month-on-month. Trans-Pacific box shipping rates are down 11% since the beginning of August.
The next global recession would have a different impact on ocean shipping markets than the 2008-09 financial crisis.