SEA FREIGHT TRANSPORT HAS BEEN BLOWN OFF COURSE BY THE NEW CORONAVIRUS

On 24 February, Hellenic Shipping News reported on the effects of the virus on what it describes as the “lifeblood” of the world economy, saying that figures provided by cargo ship traffic paint a gloomy picture.  It comments on shipping indices showing a sharp decline.  As an example, it cites one French company which has banned its sailors from going ashore in China and stopped relieving its crews at Chinese ports, resulting in considerable disruptions.  The article comments that China does not just produce goods but is also a major consumer with a booming middle class and the world’s largest population, and that it is said to account for about 35% of all seaborne dry bulk imports in the world.

https://www.hellenicshippingnews.com/virus-hits-shipping-spreading-global-economic-strain/

If you’d like me buy that (badly needed new laptop or, even, better a new desktop to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s