March is the traditional low season for the global logistics industry and also the time when ship operators, importers and freight forwarders sit down to discuss long-term contracts. With multiple international crises including wars and economic uncertainty, companies are having a tough time deciding how much long-term capacity and revenue targets to lock in
The coronavirus pandemic has laid bare vulnerabilities in the global shipping industry and supply chain, which remain affected by a shortage of crew, available containers and capacity at major ports.