DSV: The epidemic has damaged sea and air transportation.



  

       DSV, one of the world's largest transportation and logistics companies, said on Friday that the current spread of the virus is squeezing air and sea freight in China, and freight rates could soar.


At present, the epidemic has caused many factories in China to postpone the resumption of work and disrupt global air transportation.


 Jens Bjorn Andersen, chief executive officer of freight forwarder DSV Panalpina, said: "We have now seen the issue of air capacity." "Shipping has also been affected."


According to industry sources, shipping companies are rescheduling freight routes and reducing calls to Chinese ports, which will cause delays in delivery in the coming months.


Andersen said that although major European and American airlines have stopped flying to and from China in an attempt to limit the spread of the coronavirus, some cargo flights are still available.


He said: "It is still possible to transport the cargo to nearby countries by air and then air out from there."


"Due to uncertainty, we may see some significant increases in freight rates."


Andersen added that it is too early to quantify the financial impact of coronavirus on DSV, but he acknowledged that this uncertainty is reflected in the company's 2020 financial guidance and has caused some analysts anxiety.