KBRA Releases Research – Coronavirus (COVID-19): Challenges Ahead for Container ABS

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases research on how the coronavirus (COVID-19) pandemic is impacting the marine container industry. The global spread of COVID-19 is impacting multiple aspects of global trade, including shipping. China is the world’s largest exporter of goods and accounts for 40% of the container shipping business. In 2019 alone, the U.S. imported approximately $452 billion worth of goods from China. Factory shutdowns in that country, as well as t