Containership operators have emerged much stronger from the COVID-19 pandemic than the 2008 financial crisis due to a mix of generous government aid, buoyant volumes, carrier discipline, and a modest orderbook.
Despite a steep –3.5% decline in world GDP last year, the global throughput of containers was relatively unscathed in 2020 with volumes dropping only -1.4%. This contrasts with 2009 when global GDP fell only -0.1% but container throughput plummeted -8.2%.
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