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COVID-19 Will Leave a Lasting Mark on the Shipping Industry

Greg Priddy
Director, Global Energy and Middle East, Stratfor
May 5, 2020 | 10:00 GMT
Containers sit stacked on a cargo ship berthed at China’s Zhoushan Port on Feb. 4, 2020.

Containers sit stacked on a cargo ship berthed at China’s Zhoushan Port on Feb. 4, 2020. China’s COVID-19 outbreak and the subsequent closing of factories caused outbound shipping from the country to drop significantly at the beginning of the year.

(Yao Feng/VCG via Getty Images)

By sapping global economic growth and emboldening nationalist calls against globalization, the COVID-19 crisis risks upending the past 30 years of rising intercontinental trade volumes. Countries have implemented various new shipping restrictions to contain the virus, though pandemic-induced declines in demand have so far prevented severe disruptions. But with the global recession...

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