Coronavirus
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Asia
South Korea offers financial aid to maritime sector hit by coronavirus
South Korea’s Ministry of Oceans and Fisheries has decided to roll out financial measures to support domestic shipping firms as…
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Greater China
China Shipbuilding Group raising $716m for epidemic control
China Shipbuilding Group, the shipbuilding conglomerate merged by CSSC and CSIC, has issued RMB5bn ($716m) worth of short-term bonds with…
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Greater China
Chinese port volumes stabilising
A swathe of data published in recent days suggests the worst is over for now in terms of plunging port…
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Greater China
Coronavirus spurs China Shipowners Association to seek lifting of the sulphur cap
The China Shipowners Association (CSA) has called for a suspension of the International Maritime Organization’s (IMO) global sulphur cap in…
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Greater China
Coronavirus creates record amount of idled tonnage
The coronavirus has set a new record for the amount of inactive container tonnage around the world, smashing the huge…
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Greater China
Coronavirus wipes away 1.7m teu of liner business
The coronavirus is set to wipe a “chilling” 1.7m teu of container business, according to new research from Copenhagen-based Sea-Intelligence.…
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Greater China
Coronavirus supply chain headaches spread as more than one in two Asia – North Europe sailings are cancelled
More than one in two carrier departures from Asia to North Europe are being cancelled in the wake of the…
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Contributions
Supply, not demand key to container sector’s ability to fight coronavirus
In the second part of his analysis, Dr Adam Kent, managing director, MSI examines the risks to the container market…
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Contributions
Shipping should shrug off coronavirus but escalation risks supply chain contagion
In the first of a two-part analysis on the impact of the coronavirus, Dr Adam Kent, managing director, MSI looks…
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Asia
Citing coronavirus, ONE and CMA CGM institute reefer congestion surcharges
Citing growing supply chain issues caused by the coronavirus in China, Japanese liner Ocean Network Express (ONE) is instituting a…
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Greater China
Chinese yards admit huge slice of global orderbook will suffer coronavirus delays
The orderbook for world shipping will likely be shunted backwards in the wake of the coronavirus while more than 200…
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Greater China
Crew movement caught up in coronavirus
One of the less reported side effects hitting global supply chains in the wake of the coronavirus emanating from China…
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Tankers
Coronavirus crude contango sees floating storage stage a comeback
Oil demand destruction from the coronavirus outbreak has sent prompt crude prices lower and flipped the crude market into contango,…
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Tech
Hackers target shipping with coronavirus themed emails
Cybersecurity firm Proofpoint is reporting a new hacking group that targets the global shipping industry and its fears over the…
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Greater China
Coronavirus costing liners up to $350m in lost revenues every week
As China partially returned to work today, data from Copenhagen-based Sea-Intelligence suggests the coronavirus has been costing liners up to…
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Greater China
China struggles to get back to work
Beijing decided over the weekend against officially extending the Lunar New Year holidays for another week. However, today was marked…
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Greater China
Shipping braces for extended factory closures in coronavirus-hit China
The global shipping industry is watching closely for any official announcement from Beijing on whether the Lunar New Year holidays…
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Greater China
Coronavirus predicted to wipe 6m teu of Chinese box volumes in Q1
Every segment of the shipping industry is now choking on reduced volumes of cargoes sparked by the coronavirus in China,…
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Greater China
Coronavirus sparks force majeure conjecture
Shipowners are having to reacquaint themselves with the disruptive intricacies of force majeures on their daily operations in the wake…
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Greater China
Markets take a coronavirus battering
On a brutal morning at the markets, almost $370bn in market capitalisation was wiped off the benchmark Shanghai Composite index…
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