The impact of the outbreak of the coronavirus is estimated to be costing the shipping industry USD 350 million a week in lost revenues, according to the International Chamber of Shipping (ICS).
The virus outbreak is having a significant impact on the shipping sector and the industry is working closely with the World Health Organization (WHO) to ensure that guidelines for industry and governments help limit the spread of the virus, whilst maintaining international trade.
As such, the ICS Secretary General, Guy Platten, is leading a delegation of industry leaders to meet with WHO in Geneva and discuss the impact of COVID-19 on the industry.
ICS estimates that more than 350,000 boxes have been removed from global trade as a result of the outbreak.
As informed, global supply chains continue to suffer, and issues remain around the quarantining of ships at ports, crew changes, and ensuring the health of seafarers and passengers....MORE
