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04 April 2020 The on-line newspaper devoted to the world of transports 02:15 GMT+2



March 13, 2020

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Original news
This year the world volume of maritime transport may drop by 10% due to coronavirus

Sea-Intelligence warns that the difficulties could be reverberation in the long term

According to Denmark's Sea-Intelligence, a company to analyse the evolution of shipping container traffic, COVID-19 outbreak could have an impact on industry containerized shipping similar to that of the crisis 2009 and that, Sea-Intelligence specified, means a potential annual loss of 10% of load volumes 17 million teu globally.

For society, however, the real underlying problem is the long-term impact this will have in 2020 and perhaps beyond, and not only on the decline in consumption, but first and foremost also companies' propensity to order goods as well as about their ability to do so, since -- he noted Sea-Intelligence -- we are also witnessing the appearance of a possible financial liquidity problem, an environment - has highlighted the company - which also presents the realistic risk of possible bankruptcy.

For Sea-Intelligence, however, there are also two elements positive factors that can mitigate the negative impact of the epidemic containerized shipping companies: the first is the oil price collapse that -- observed the company - in fact, it results in a cash injection in the short term in the coffers of the companies that two months ago defined surcharges based on the oil price of that time and who now pay current lower oil prices; The second is the discipline that companies have shown to have in erasing departures or entire scheduled services and in avoiding reducing the number of to fill the ships. This, Sea-Intellingence noted, means that until now the walnuts have been relatively stable despite the impact of the coronavirus and that could be will soon be implemented by a new round of cancellations departures or services.

Sea-Intellingence also warned that problems could occur even when the emergency has returned, how much the sector will have to be prepared to deal with a phase of decisive rebound in which it will register at a temporary lack of hold capacity and dizzying rentals.


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