While hitting container shipping demand hard this year, the coronavirus pandemic will have a muted impact on the industry’s long-term prospects, according to Seaspan chief executive Bing Chen.
With companies seeking to reduce supply-chain risks amid worsening US-China relationships, many shipping players have anticipated less centralised manufacturing hubs in the post Covid-19 world.
Such development, often referred to as localisation or deglobalisation, would theoretically undercut deepsea shipping demand as more national governments shift focus to home production.
