Global shipping sector struggles due to container backlog in China
Published: Friday, 28 February 2020
There is a shortage of containers in the containerized shipping sector because the measures being taken to control the spread of the 2019-nCoV coronavirus are continuing to slow down global trade.
Container ships are waiting offshore for the chance to
unload goods at Chinese ports, while the same ports are also
stacked with empty containers waiting to be filled and returned
to the international container stock.
The build-up of empty containers is a result of the
difficulties in domestic logistics that...