Cosco, Evergreen buck COVID-19 trend for container-lines as China recovers — Panjiva
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Cosco, Evergreen buck COVID-19 trend for container-lines as China recovers

China 2393 Coronavirus 256 Corp - Shipping 743 Mode - Containerized 1179 Mode - Seaborne 1501 U.S. 4229

The container shipping industry has had a challenging start to Q2 after a difficult Q1 as the industry has faced lower volumes due to the COVID-19 pandemic. K-Line has suspended its dividend, Yang Ming has carried out an equity capital increase and CMA-CGM has obtained a state loan guarantee. Maersk has indicated it expects global volumes to drop 20% to 25% year over year in Q2. U.S. seaborne imports for all liners in April proved more robust than Maersk’s expectation though with a drop of 5.1% reflecting a recovery in Chinese volumes. The latter has helped Cosco Shipping’s and Evergreen...

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