Coronavirus & Dry Bulk
Daily news, analysis and updates from the Lloyd’s List team on how the coronavirus outbreak is affecting the dry bulk sector
Chinese port halts resuming crew Covid testing after backlash
The new requirement appears to have been suspended amid complaints from shipping firms
Scale of Chinese purchases of Australian coal seen as token gesture
More coal is heading to China following a thawing in relations between the two countries, but volumes so far are a fraction of what they were before the unofficial ban in 2020
China to allow foreign crew changeover
Impact of policy change will depend on how fast ports and terminals follow the government’s instructions, said one management company
China eases Covid rules at ports
Crew changeovers in China are expected to become easier although some significant barriers remain in place
How will China’s zero-Covid policy play out for dry bulk?
Analysts expect that recent widespread anti-lockdown protests will pressure the government to ease restrictions sooner than expected and focus on growth, which will lead to positive signs for dry bulk imports
Optimism over reopening of China requires caution
A successful reopening will boost transportation demand and in the longer-run reduce supply chain disruptions, but reaching that destination is likely to be disruptive, according to maritime research firm MSI
Chinese shipping stocks rally on reopening speculation
Many shipping and port companies listed in Shanghai and Hong Kong have seen share prices rebound in current trading
Dry bulk faces correction due to reduced congestion and slowing demand
Earnings, especially those for the smaller ships, are expected to correct sharply next year
China’s Covid crunch should spur supply chain resilience review
Russia’s isolation has redrawn maritime trade lanes, but China’s coronavirus-fuelled supply chain crunch offers a glimpse of what any potential decoupling may bring in the future. If there is a single lesson of the past few years it is that reliance on a single source of supplies is never a good idea
Ningbo to offer subsidies to assist shipping start-ups
Large line operators could receive total subsidies of more than Yuan20m from different Chinese port cities every year
Hong Kong shipping faces staffing crunch amid pandemic and political uncertainty
In response to incessant heavy-handed coronavirus restrictions, some companies are moving part of their Hong Kong operations or their senior executives to nearby hubs, such as Singapore. Some individuals are considering a relocation or have already taken the move
NYK relaxes pandemic-related working restrictions
‘Restrictions on domestic business trips have been withdrawn, and rules governing these trips have returned to those established before the outbreak,’ company says
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