Can it go lower yet? Cargo volumes in Container shipping seem to be stabilising, but the recovery is going to be patchy. May might have been the worst month for liner shipping since the Start of the corona crisis, with analysts and market participants seeing the precipitous fall in volumes levelling out. However, contain-er lines are expected to keep a tight reign on fleet capacity as the recovery in trade is expected to be protracted with the risk of local set-backs if the epidemic surges again. The consensus is that the second quarter will mark the bottom for liner shipping and also for Container ship chartering, although the former will see a quicker turnaround. The good news is that sailing cancellations in liner shipping plateaued at just over 500 since the beginning of lockdowns in Asia, according to Danish research firm Sea-Intelligence. The experts noted that there are no further blank sailings announced beyond June and that a bit of blanked capacity in long-haul trades ex Far East actually got restored.
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