Sea-Intelligence estimates the biggest international carriers will see combined losses ranging from $800 million to $23 billion this year, depending on how they manage the economic impact from widespread coronavirus-driven lockdowns. Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. SUBSCRIBE The financial fallout for the shipping lines appears to be relatively mild so far compared with that of airlines and other transportation operators that depend on passengers. But shipping lines are hunkering down with major national economies wavering while their businesses halt operations, factories idle assembly lines and job losses mount. Carriers including Denmark’s Maersk Line, Switzerland-based Mediterranean Shipping Co. and Japan’s Ocean Network Express Pte. Ltd. are trying to guard against crashing freight rates on major trade lanes as capacity increasingly outweighs demand. “It’s a developing storm,” said Sea-Intelligence Chief Executive Lars Jensen. “The […]