While recovery of rates in the shipping segments was indicative of improvement in global trade environment, driven by some agreement on US-China trade issues, and the impact of IMO 2020 on tanker segments, the coronavirus outbreak has negatively affected many shipping sectors.
Commenting on these impacts, K. Ravichandran, Senior VP and Group Head, ICRA Ratings, mentioned that the tanker segment had experienced moderation from the highs witnessed in Q4 2019. However, the Baltic Dry Index and...
https://safety4sea.com/coronavirus-negatively-impacts-indian-shipping-and-ports/