Ask the Analyst: Bankruptcies and credit risk during lockdown
The cracks in the market have begun to show — bankruptcies are at the door. The interdependence of the maritime supply chain necessitates regular evaluation of counterparties, their customers and suppliers
The impact of the coronavirus pandemic will have a profound impact on the viability of several shipping companies. In the first six months of 2020, the Lloyd’s List Intelligence Credit Risk team downgraded guidance for at least 20% of companies globally.