More container service cancellations likely
Another wave of cuts in deployed capacity and further reduced frequency of maritime container services is expected in the coming weeks due to the coronavirus, resulting in about 27% of supply being removed from the Asia-Europe trade alone. But with shops selling non-food items pulling down the shutters across Europe, warehouses are full and shippers with goods in transit will likely be faced with surplus stock
The health crisis has also led to the delayed launch of several new deepsea services
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