“This implies a potential volume loss of 10% equal to 17 million TEU globally,” the Copenhagen-based provider of container shipping analysis warned.
“For the ports and terminals, they will be potentially looking at a loss of some 80 million TEU of handling volume in 2020,” Lars Jensen, CEO of SeaIntelligence pointed out.
As explained, the real underlying problem is the impact the pandemic will have in the longer term in 2020 and possibly beyond, not only on consumer spending but also on the willingness of companies to order goods in the first place – as well as their ability to do so, as a possible financial liquidity problem is beginning to appear. There is also a realistic risk of bankruptcies.
