In Depth: Containing the Covid-19 threat to the marine sector
As a result of the coronavirus pandemic, the shipping industry finds itself amid the sharpest decline in trade in 35 years, according to Clarksons Research. The intelligence provider estimates that seaborne trade fell by 10.6% year-on-year in May and that trade will contract by 5.6% across 2020, representing over one billion tonnes of lost trade.
The sudden change was far from uniform and experienced differently as the pandemic took hold in different parts of the world, presenting the marine sector with a challenge beyond the usual in-year
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