The ocean freight industry has recently been operating under a cloud of uncertainty from Brexit and the unpredictable U.S.-China trade war. According to iContainers, these usual culprits aside, this year’s peak season is expected to be hit by two more contributing factors that could eventually affect global throughput growth. “The fluctuating situation surrounding Brexit and the US-China trade war still lingers and will continue to cause incertitudes and affect volumes,” says Klaus Lysdal, vice president of operations at iContainers. “But we also have IMO 2020 and an earlier than usual 2020 Chinese New Year to consider. We can expect these to further disrupt and unsettle supply chains.” As reported in the Hellenic Shipping News: Hellenic Shipping News
Customs & Logistics News Story
Pertains to U.S.
Published in September 04, 2019 issue
Published in September 04, 2019 issue