- The impact of the COVID-19 pandemic on the shipping industry has not only decreased demand of growth prospects, but also has affected fleet development.
- The shipping contracting activity, which was already low before the COVID-19 pandemic, has only worsened contracting activity dropped 55% from the first quarter of 2019.
- The negative effect of COVID-19 in the industry has made many owners opting to have their ships demolished.
- A short term impact of the COVID-19 is the delays of newbuilt ships...
http://mfame.guru/covid-19-shipping-industry-grappling-with-the-pandemic/