‘Unprecedented disruption’ to supply chain slams US port volumes
Not surprisingly the coronavirus pandemic delivered a heavy hit to port volumes in March. The unknown is how long the container drought will continue. Northwest Seaport Alliance (NWSA) Chief Executive…
COVID-19: Chinese economy slides as container volumes decline 9% in Q1 … Ship building output falls 27.3%
The Chinese economy is beginning to feel the negative impacts of the coronavirus, which originated in the Wuhan province of the country late last year, halting the economy and killing…
US suspends funding of WHO over COVID-19 pandemic …As UN faults timing, says ‘not the time’
President Trump United States President, Donald Trump has made good his earlier threat to suspend payments to the World Health Organisation WHO, while it reviews virus warnings regarding China. US…
Container shipping firms brace for Coronavirus hit to trade
Leading container shipping firm Moller-Maersk scrapped its 2020 earnings forecast on Friday, while rival Hapag-Lloyd warned of slowing growth until at least June, as the coronavirus pandemic takes a heavy…
US seaports fight to stay open amid unfolding COVID-19 crisis
Shipping lines have canceled 20 voyages to the Port of Oakland, one of the 10 busiest container seaports in the , between February and April 2020, the port informed. The…
BIMCO revises 2020 forecast for main shipping markets
The coronavirus pandemic is impacting global shipping demand for 2020 negatively. The speed of the virus spread makes it difficult to assess the full consequences. Nevertheless, we see a need…
Coronavirus outbreak threatens over 25m jobs, says ILO
The coronavirus pandemic could trigger a global economic crisis destroying up to 25 million jobs around the world if governments do not act fast to shield workers from the impact,…
COVID-19 Virus: IMO headquarters closed …As IMF urges coordinated, proportionate response to virus
IMO headquarters, London The International Maritime Organisation IMO headquarters building is closed to visitors and members of staff, on Thursday 12 and Friday 13 March, as a precautionary measure due…
Global economy faces gravest threat over spread of coronavirus …As oil traders, financial investors anticipate severe slowdown
The coronavirus Covid-19 presents the global economy with its greatest danger since the financial crisis, according to the OECD’s latest Interim Economic Outlook. Meanwhile, Oil traders and other financial investors…
Enforcing IMO 2020 sulphur limit: Verifying sulphur content of fuel on board
IMO 2020, the per cent limit of sulphur in ships’ fuel oil, has been in effect since 1 January 2020, cutting sulphur oxide emissions from ships operating worldwide. From 1…
