Shipping forecasts fall as coronavirus effects hit
The size and interconnections with China's economy mean the coronavirus outbreak has had a significant impact on the global shipping industry. Recent geopolitical movements are combining with the outbreak to bring new concerns to the market
BIMCO says the wider implications of the coronavirus outbreak remain difficult to estimate given the speed and severity of the outbreak, while Moody’s has changed its outlook for the global shipping industry to negative from stable over the next 12 to 18 months
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