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Coronavirus could deliver 17 million-TEU blow to container shipping
22 Mar, 2020

The impact on container shipping lines from the coronavirus pandemic could total about 17 million twenty-foot equivalent units (TEUs), according to Lars Jensen, CEO of Copenhagen-based SeaIntelligence Consulting.

That amounts to about 10% of global volumes in a normal world, Jensen told wealth management firm UBS.

Jensen did say he expects a strong volume rebound in 2021.

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