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Coronavirus

Since a new coronavirus was identified in Wuhan, the capital of China’s Hubei province, in late 2019, it has rapidly spread among the local population and new confirmed cases in other countries are being reported on an almost daily basis. With growing concerns that it will also infect the global economy in 2020, the Lloyd’s List team of expert analysts guide you through the impacts on global trade, shipping and maritime in this special section

Coronavirus Company News

Kazuhiro Nogi/AFP via Getty Images
Viewpoint: Coronavirus driving uptake of BI cover by shipowners

Coronavirus has joined cyber as a key factor driving the purchase of non-physical damage business interruption insurance cover in the maritime sector

Workers at the port of Qingdao wearing anti-coronavirus masks STR/AFP via Getty Images
China Merchants Port raises $100m from virus-control bonds

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

Ningbo-Zhoushan
Coronavirus: Container truck drivers returning to Ningbo port

Development comes as the disease disrupts shipping and port operations, with increased blank sailings leading to a volume loss of 1.7m teu

India orders crews to stay on board ships at risk of coronavirus

Ships from specified countries are allowed to berth. However, their crews will not be allowed to disembark regardless of nationality

Coronavirus: Shipping prepares for the worst but hopes for a swift bounce back

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

Coronavirus Political and Trade Ports and Logistics

Latest From Coronavirus

China Merchants Port raises $100m from virus-control bonds

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

Asia Pacific Containers

Coronavirus: Container truck drivers returning to Ningbo port

Development comes as the disease disrupts shipping and port operations, with increased blank sailings leading to a volume loss of 1.7m teu

Asia Pacific Containers

India orders crews to stay on board ships at risk of coronavirus

Ships from specified countries are allowed to berth. However, their crews will not be allowed to disembark regardless of nationality

India Containers

Star Bulk says coronavirus delays last of its scrubber fittings

The company outperforms as it fixed a number of its vessels of longer time-charters in December when rates were healthy

Dry Bulk International

Coronavirus: Shippers allowed shipside loading and pickup amid packed port storage yards

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

China Containers

Singapore fuel oil stocks jump 10% on-week as shipping activity slows

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

Singapore Tankers and Gas

GoodBulk pays out higher dividend for fourth quarter as capes deliver

Chief executive John Michael Radziwill sees ‘coiled spring’ effect later in the year after coronavirus is brought under control

Dry Bulk Coronavirus

Coronavirus: Chinese owners seek sulphur cap reprieve

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

China Coronavirus

Maersk sets sights on recovery after lowering expectations over coronavirus

A return to normal factory production levels in China will not be felt by carriers until the second quarter

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