Coronavirus: Full-year global box growth forecast to be 0.7% lower
Container volume data from key Chinese ports already shows a 20% drop since January 20. Lines have announced blank sailings and this programme is set to be expanded further in the coming months, putting paid to any hopes of volume recovery after the Chinese New Year holidays
Global supply chains are also set to be affected, with South Korean vehicle makers already announcing some production slowdowns because of parts shortages from Chinese suppliers. Complete shutdowns are expected soon if the supply situation does not improve
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