Shipping Must Be Prepared for COVID-19 Second Wave

OECD predicts that heavy damage to trade and global economies is inescapable.
The loss of income will exceed that of any previous recession over the last 100 years outside of wartime.
The OECD outlined two scenarios – Single Hit and Double Hit.
Single Hit – virus continues to recede and remains under control.
Double Hit – the second wave of infections erupts by year-end.
In Single Hit, global GDP falls 6% this year and U.S. GDP drops 7.3%.
In Double Hit, 2020 global GDP plunges 7.6% and U.S....