Cash-strapped carriers are set to struggle because of the coronavirus outbreak. Unless they receive governmental aid, many will be forced to sell ships, or even part or the whole of their business, reports the Lloyd’s List Northeast Asia Correspondent, Cichen Shencichen
What is it?Since January 25, 544 out of some 1,300 international-trading boxships on intra-Asia routes had experienced service suspensions of seven to 30 days leading to about $220,000 losses per ship on average from charter and...
http://mfame.guru/carriers-struggling-to-keep-cashflow-as-covid19-disruptions-continue/