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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

 

 

How is the coronavirus affecting Dry Bulk?

Chinese port halts resuming crew Covid testing after backlash

The new requirement appears to have been suspended amid complaints from shipping firms

Coronavirus Asia Pacific

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

Dry Bulk Australia

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

Asia Pacific Containers

China eases Covid rules at ports

Crew changeovers in China are expected to become easier although some significant barriers remain in place

Asia Pacific Containers

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

Dry Bulk China

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

Asia Pacific Containers

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

Asia Pacific Containers

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

International Dry Bulk

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

Containers Tankers and Gas

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

China Containers

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  

Asia Pacific Containers

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

Asia Pacific Containers
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