IN 2020, WE HAVE SEEN THE DIPS AND SURGES OF THE CONTAINER SHIPPING MARKET.

    While China and main Asian countries had been closing their plants back in March, the Western world has continued to consume. Later, this trend followed into Europe, next to North America and then South America. So, we see no supply in Asia, and when supply started there was no demand (in the U.S and EU.) Once we were in June, we started to see a spike in container volumes based on strong demand coming back. We need to understand this demand has been primarily in relation to the imbalance between supply and demand. In the U.S., the Inventory to Sales Ratio went up to 1.68 during May and then saw a free fall.