Reality

In a few short months, the mayhem wrought by coronavirus has changed the world. Our response to the epidemic [more than the virus itself] has the potential to permanently alter the balance of the global economy. But it might be the kind of Black Swan event that we need to trigger real change in the...

https://www.hellenicshippingnews.com/reality/

Cargotec lowers its 2020 financial outlook and withdraws its guidance for 2020, gives a new guidance later

Cargotec updates its outlook for 2020 due to the coronavirus pandemic and related political decisions and administrative restrictions. In the current exceptional situation Cargotec estimates that it is not able to give a guidance for the year 2020. Restrictions set by the authorities related to the...

https://www.hellenicshippingnews.com/cargotec-lowers-its-2020-financial-outlook-and-withdraws-its-guidance-for-2020-gives-a-new-guidance-later/

India: Secondary metal producers crumble under lockdown, shipping cos add to woes

Secondary metal producers which cumulatively contribute to nearly half of India’s ferrous and non-ferrous metal consumption are facing a double-whammy due to the spread of coronavirus (Covid -19) in both, India and overseas. Since its outbreak in Wuhan city of China in December 2019, metal prices...

https://www.hellenicshippingnews.com/india-secondary-metal-producers-crumble-under-lockdown-shipping-cos-add-to-woes/

Clarkson Postpones Dividend, Expects Negative Impact on Shipping Markets For the First Half of 2020

Clarkson PLC the world’s leading provider of integrated shipping services, today announces that in light of the current increased uncertainty caused by the COVID-19 outbreak, the Board has decided to withdraw the resolution regarding the final dividend from the Annual General Meeting (“AGM”) and...

https://www.hellenicshippingnews.com/clarkson-postpones-dividend-expects-negative-impact-on-shipping-markets-for-the-first-half-of-2020/

Coronavirus Rattles Shipping Industry as Supply Shock Moves to Demand Decline

Container ship operators that canceled more than half their sailings to China, as coronavirus-driven restrictions froze work at its ports last month, are bracing for a second wave of disruption. Now that China has resumed exporting, shipping companies expect thousands of shipments to be stranded at...

https://www.hellenicshippingnews.com/coronavirus-rattles-shipping-industry-as-supply-shock-moves-to-demand-decline/