Dubai's DP World sees demand rebound as Chinese factories restart - Reuters:
Global port operator DP World (DPW.DI) has seen demand bounce back in recent weeks as Chinese factories have restarted, providing a glimmer of hope in a business world gripped by fears about the spread of the new coronavirus.
The COVID-19 virus, which emerged in China late last year, shut cities and factories across the country for weeks, disrupting shipments and global supply chains.
It has since spread around the world, claiming more than 4,000 lives and sending markets into a tailspin.
But it has abated in China, and the comments from DP World could raise hopes over a broader “V-shaped” recovery from the crisis.
DP World, which operates ports from Hong Kong to Dakar, said the shutdown in China hit demand, but in recent weeks it had bounced back.
“We haven’t seen any significant impact (overall) of COVID-19, however, it remains a cause of concern”, finance chief Yuvraj Narayan said on a phone call with reporters on Wednesday.
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