Letter from the CEO: Coronavirus Market Update
MARCH 18, 2020
Cargo flows and ship calls are rebounding in China. The reopening of factories in China would see a gradual return of demand, but Alphaliner noted in a recent newsletter that cargo volume recovery was expected to take a few weeks, and until normal volume is reached, carriers would continue to selectively implement blank sailings, likely until the end of March. Savannah / Brunswick are predicting import cargo decrease by 40% in March and April from 2019 levels.