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Navigating Stormy Seas, Ocean Freight Outlook Cresting

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The forecast for ocean container freight presents a somewhat choppy and uncertain, but surprisingly robust horizon, UNCTAD says.
Cranes serve a Maersk Line container ship at the dockyard in Qingdao in east China's Shandong province.
CREDIT: FeatureChina via AP Images)

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The forecast for ocean container freight presents a somewhat choppy and uncertain but surprisingly robust horizon. A new report from the United Nations Conference on Trade & Development (UNCTAD) expects global maritime trade to plunge 4.1 percent in 2020 due to the unprecedented disruption caused by Covid-19. In its “Review of Maritime Transport 2020” report,…

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