Shipping firm Wallenius Wilhelmsen has reported a 20% year over year drop in volumes of cars and construction equipment handled Q1 as a result of lower demand for autos globally and disruptions to supply chains caused by COVID-19. With demand continuing to be low and disruptions to supply chains continuing there’s likely to be more of the same. Indeed, the firm has stated that “Q2 is likely to be a low water mark with a 50% drop in ocean volumes”. The start of Q2 hasn’t been quite that bad yet, with U.S. imports down by 33.5% year over year in April including a 61.2% slump in shipments f...