Container shipping accounted for only around 17 per cent of seaborne cargo volumes in 2017. Photo: AFP
Trade war, deglobalisation and technology: can container shipping weather the storm?
- The engine of globalisation has had a ‘torrid decade’, and the sector is facing another period of great volatility
- The US-China trade war is accelerating the regionalisation of supply chains, with the long haul sea freight business a natural casualty
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US-China trade war
Container shipping accounted for only around 17 per cent of seaborne cargo volumes in 2017. Photo: AFP