While capacity has been withdrawn significantly on the major east-west trades, carriers have moved to up their offering on regional trades and most notably intra-Asia

Failure to repair the current liberal trade system may have more severe economic consequences in the long term than those caused by the pandemic

The health crisis has also led to the delayed launch of several new deepsea services

Staff shortages and quarantine measures threaten the free movement of food supplies across the shipping supply chain

Shipping groups call for government help to support industrial output

Carriers say the CBER should be extended, pointing towards falling costs, rates and emissions facilitated through exploiting economies of scale made possible by the clustering into alliances