Drewry: Coronavirus medium-term impact manageable for container shipping

Despite the coronavirus outbreak delivering a sharp hit to global container volumes and carrier earnings, Drewry expects that the medium-term impact will be manageable provided the virus spread is contained.

So far the impact of coronavirus (COVID-19) on container shipping has just about been bearable, but the longer and more widespread the outbreak goes the more damage it will cause, noted the analyst in its latest research.

In terms of the short-term hit, container shipping is not as exposed to the coronavirus problems as the airline or tourism industries.