Supply Chain Council of European Union |

Shipping Stocks Are Riding a Different Kind of Covid-19 Wave

Shippers have sailed ahead this year even through the rough seas of the Covid-19 pandemic. Strong stimulus driven demand in rich countries, resurgent manufacturing in China and a sleeker industry structure mean that strong performance could continue for a while yet.

Rebounding trade is a big tailwind. Average spot container freight rates from Shanghai to many regions including the U.S., Australia and South America have hit all-time highs in recent weeks, according to Jefferies.


Related posts

China, India soak up oil from floating storage as demand recovers – business news


THE Alliance to ship more from Southeast Asia to West Coast


Global Ocean Freight Forwarding Market 2020 | Know the Companies List Could Potentially Benefit or Loose out From the Impact of COVID-19 | Top Companies: Kuehne + Nagel, Expeditors, GEODIS, DHL Group, Bolloré Logistics, etc.


Leave a Comment