Coronavirus Rattles Shipping Industry as Supply Shock Moves to Demand Decline

Coronavirus Rattles Shipping Industry as Supply Shock Moves to Demand Decline

Japanese carrier Ocean Network Express is bracing for weaker orders and stranded cargo at U.S. and European ports

Container ship operators that canceled more than half their sailings to China, as coronavirus-driven restrictions froze work at its ports last month, are bracing for a second wave of disruption.

Now that China has resumed exporting, shipping companies expect thousands of shipments to be…

Continue https://www.wsj.com/articles/coronavirus-rattles-shipping-industry-as-supply-shock-moves-to-demand-decline-11585249552

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