Merchant shipping, a developing catastrophe

70% of the world is covered in water.  80% of the world’s commerce moves on water.  90% of the worlds population lives within 200 miles of the sea.

As a result of the response to the Wuhan Virus the ships and their crews are an impossible and deteriorating position.  If you thought supermarket shelves were bare during the kickoff of the Covid-19 panic, you ain’t seen nothin’ yet.

A Scottish merchant captain gives us fair warning.

 

 

 

 

 

 

Here  are the links to the various articles he mentions.

https://www.bimco.org/news-and-trends/market-analysis

https://afloat.ie/port-news/port-and-shipping-news/item/47664-port-figures-in-uk-show-extent-of-trade-downturn

https://seanews.co.uk/news/iumi-president-identifies-key-challenges-facing-marine-insurers/

https://iumi.com/news/covid-19-news/update-covid-19-shipping-market-impact-assessment-no-6

Leave a Reply