Featured News

The impact of Covid-19 on the global shipping sector: part 2, silver linings

Shipping port

You can read the first part of this piece, The impact of Covid-19 on the global shipping sector: part 1, system shock, here.

You can also read a timeline of the most significant events involving the shipping sector here.

April: signs of recovery?

As the world enters the fourth month of the coronavirus pandemic, the data from VesselsValue looks more encouraging. In particular, Economakis said in April, “capesize cargo mile demand has recently improved in late March, led by a recovery in demand from Japan and South Korea, although Chinese figures are still low”. With rates just under $6,000 earnings per day on 1 April – up from $2,000 in early March – he says improvements should be expected in the future...

Go Back
Read on

Related content