Shipping orders to increase as the Covid-19 situation in Shanghai relieved

In April and May, the world’s largest container port by throughput capacity, Shanghai suffered a breakdown in the logistics supply chain due to a lockdown caused by the COVID-19 and logistics delays from highway controls in parts of China.
It was going to take some time for port business in Shanghai to return to normal, but there is a high demand for factories to resume work and their urgent need to export products overseas after the delay.
The global shipping companies are profiting from the high shipping demand and freight rates because in Q1, CMA CGM's profits grew by 69.9% to $8.87 billion and Maersk's profits reached $9.1 billion.
Maersk will add 3 new B767-300 freighters to its air cargo service between China and the United States in Q2 to deploy more container vessels.

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