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Friday, February 21, 2020

Beware The Coronavirus Container Crunch

Lars Jensen from SeaIntelligence in Copenhagen said the loss of traffic , as a result of the coronavirus shutting down China's ports and container business, is running at 300,000 containers a week.

This will cause a logistical crunch in Europe in early March even if the epidemic is brought under control quickly.

This will lead to shortages and price rises.

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