Container lines on brink of cashflow crunch
Global carriers are still being paid for freight shipped from Asia before China shut down factories, but now face a hole in their finances as the impact of blanked sailings and reduced volumes starts to be felt
The recovery in containerised exports from China may prove short-lived as retailers in North America and Europe respond to a slump in consumer spending, with serious consequences for container lines that had been hoping for a return to relative normality during the summer
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