23 March 2020

COVID-19: What the media is saying today


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ISSUE NO. 6

PUBLISHED ON 23/03/2020

Crew Changes

Lloyd’s List

Shanghai eases crew change ban

Crew members will be allowed to go ashore. But before going home, those on vessels from 24 countries deemed with high infection risks must complete a 14-day quarantine period starting from the time they leave the last port based on deck log records…

Shipping Industry Developments

Lloyd’s List

Coronavirus threatens box shipping demand, says OOIL

Hong Kong-based liner shipping company says the impact of the epidemic may last longer than expected, and market uncertainty is further increasing. Its net profits last year improved significantly but was largely lifted by one-off gains from terminal assets disposal …

Splash 247

India and Pakistan bar ships for demo

Shipping companies looking at sending their ships for demo in south Asia are likely to face severe disruption thanks to the spread of coronavirus with only Bangladesh fully open for business at the moment.

Splash 247

Unprecedented uncertainty sparks new ship finance conundrum

A black swan does not do justice to the size or magnitude of the coronavirus on shipping. As one-off demand killers go, Covid-19 is unprecedented in modern shipping history and will ensure red ink is awash at interim results for most shipping companies this year.

TradeWinds

Italian shipowners face battle for survival by coronavirus spread

European country has become a test case for what other shipowners worldwide could soon endure

TradeWinds

Clarksons: Concern deepens for boxships and car carriers

Clarksons Research is increasingly worried about prospects for boxships and car carriers as the coronavirus pandemic begins to shut down European economies. The company, which is the research arm of broker Clarksons, said concerns for the sectors have “deepened” in recent weeks, and it is also pessimistic for offshore support vessels (OSVs) and the stalled cruiseship market.

Shipping Watch

Shipping lawyer to carriers: Now is the time to use your force majeure clauses

The corona crisis is unfamiliar to one of the shipping community’s most experienced lawyers, who reports that legal services are in high demand. He urges shipping companies to act quickly if they want to use their force majeure clauses.

Travel Restrictions

Lloyd’s List

Brisbane further eases port entry restrictions

Noting a ‘disturbing trend of vessel cancellations’, Maritime Safety Queensland pulled its draconian restrictions on all vessels, except those from China and South Korea. Container lines with direct calls from China could still be affected however, as some of these services fall under the 14-day mark …

General update on COVID-19

Financial Times

Coronavirus: can the ECB’s ‘bazooka’ avert a eurozone crisis?

As the Italian death toll from the Covid-19 epidemic reached grim new heights last Sunday, Pope Francis broke strict quarantine rules to visit the church of San Marcello in central Rome. The pontiff went to pray for a miracle before a crucifix which the pious believe helped save the city from plague in 1522.

EVENTS CANCELLED OR POSTPONED
·       NAVEXPO: POSTPONED to 17 Jun – 19 Jun 2020

·       CMA Shipping : POSTPONED to 29 Jun – 1 Jul 2020

·       Marine Money Hong Kong: POSTPONED to 3 Sep 2020

·       Asia Pacific Maritime: POSTPONED to 30 Sep – 2 Oct 2020

·       Posidonia: POSTPONED to 26 Oct – 30 Oct 2020

·       Singapore Maritime Technology Conference: POSTPONED to 21 – 23 Apr 2021

·       TOC Asia: POSTPONED to 20 – 21 Apr 2021

·       Singapore Maritime Week : POSTPONED. TBA

·       Seatrade Cruise Global: POSTPONED. TBA

·       Offshore Technology Conference: POSTPONED. TBA

·       ITS 2020: CANCELLED

·       TPM20: CANCELLED

·       Sea Japan: CANCELLED

 

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