- Most shipping sectors will see more than 200 closures in the coming months and years.
- Half of the active yards have not seen any new orders since 2018
- Since 2013, more than 240 yards have left the industry.
- Reshoring of industries post-coronavirus could be fatal for many liners.
- Demolition activity is likely to increase and reduce the economic lifetimes of vessels.
- Capesize vessels with low fuel efficiency are the most exposed to unemployment.
- Product tanker demand will shrink by 1m to 2m...
https://mfame.guru/how-badly-will-shipping-be-battered-as-covid-19-progresses/