( – FocusAsia Media Ltd)

BEIJING, Feb 24 (FAM) – Maersk CEO Soren SKou warned last week that factories in China were still only operating at 50-60% capacity and a rebound in shipping demand in the coming weeks would depend on a swift economic recovery from the impacts of coronavirus.

There are few signs of a respite for carriers just yet with Drewry’s composite World Container Index losing 5.8% this week and is now down 1.9% versus a year earlier.