In May, the volume of container traffic on the Asia — Europe trade will decrease by 17%
According to research by the Danish analytical company eeSea, which works in the global transport and container shipping industry, due to the situation with the COVID-19 pandemic in May, the volume of container traffic on the Asia — Europe direction will fall by 17%. At the same time, the global economic decline in the second quarter of 2020 will amount to approximately 4.9–6.5% in relation to the level of the fourth quarter of 2019.
In the first six months of 2020, a total of 1,675 sailings have been cancelled, or 11%; which comes out at 13% for 2M, 17% for Ocean Alliance and 17% for THE Alliance, while only 8% of non-alliance sailings have been cancelled.
