Coronavirus has joined cyber as a key factor driving the purchase of non-physical damage business interruption insurance cover in the maritime sector
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It will take a while for shipping to get back on its feet. Rates have tumbled and will continue to do so, forecasts will have to be adjusted beyond the downward revisions we have already seen. Expect a slow period for the market as the dust settles and do not rule out further upsets
It is time for Chinese shipyards to review some of its long-term customers with the old saying that a friend in need is a friend indeed
Qatargas, Shell and Total are believed to be three liquefied natural gas suppliers hit by CNOOC-declared force majeure
Latest From Coronavirus
More than 60 entities have raised Yuan7.5bn from the so-called virus-control bonds in the period from February 10 to February 21, according to Wind’s data
Development comes as the disease disrupts shipping and port operations, with increased blank sailings leading to a volume loss of 1.7m teu
Ships from specified countries are allowed to berth. However, their crews will not be allowed to disembark regardless of nationality
The company outperforms as it fixed a number of its vessels of longer time-charters in December when rates were healthy
Measures are expected to help ease storage yard congestion as many ports in the country are still struggling to bring trucker drivers back to work
This rise in inventories has come despite a 54% plunge in imports during the same period. Residual fuel oil stocks are up 18% compared with the corresponding period in 2019
Chief executive John Michael Radziwill sees ‘coiled spring’ effect later in the year after coronavirus is brought under control
CSOA vice-chairman Zhang Shouguo says the advice also factors in the possible shortage of low-sulphur fuel supply amid the impact of the disease
A return to normal factory production levels in China will not be felt by carriers until the second quarter
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