THE world's fourth largest container shipping line by market share, CMA CGM, has said cargo traffic at major Chinese ports is recovering after the congestion caused by coronavirus.
The French shipping giant said in its latest customer advisory that business operations have entered the "recovery phase" as truck drivers and port workers return to work and manufacturing activities pick up, reported Port Technology, London.
The coronavirus outbreak has caused substantial delays at many of China's biggest ports and subsequent ripples across the global economy.
Port Technology International (PTI) has explored the impact of coronavirus on ports and shipping, as well as the wider supply chain. An example of this has been the effect on the two biggest ports in the US, Los Angeles and Long Beach, which both suffered drops in traffic in January.
Credit ratings agency Fitch Ratings has also predicted a severe drop in TEU volumes across the world.