China has increased its checks on refrigerated shipments, which has led to considerable delays at a number of ports. Chinese health officials said last week that two cold-chain storage workers in the port city of Tianjin were infected with Covid-19.
In response to queries from maritime stakeholders regarding the impact of COVID-19 restrictions on survey and certification matters, IACS issued a letter describing actions that have been taken by IACS and its members to help the shipping industry maintain business continuity through these challenging times.
As governments worldwide continue to implement restrictions with the aim to minimise the spread of the coronavirus, the major shipping organisations are equally focused on the publication of useful advice, information and analyses related to the outbreak which help the industry to better cope with the consequences of the virus.
Clarksons Research have updated their review of the impact of COVID-19 on the shipping markets. With mid-year data points now available, the aim of this updated briefing is to continue to provide a framework to help understand and monitor the huge impacts of COVID-19 in the shipping market context. The review also includes analysis of a range of newly developed high frequency and near time data, including a new Summary Tracker that will be updated each week.
COVID-19 has led to unprecedented developments in the energy markets: a rapidly developing surplus; a 20m bpd drop in oil demand expected over Q2; OPEC supply cuts / G20 policies; implied 1.4bn bbl stock build in Q2; generational lows in oil prices; storage needs onshore and afloat. Clarksons Research have produced a research briefing focussed on the impact of COVID-19 on the offshore and energy markets.
As the economic impact of Covid-19 deepens globally, Clarksons Research have updated their briefing series monitoring the shipping impact. Summarising the briefing, Stephen Gordon, Managing Director of Clarksons Research, provided selected extracts from the analysis.
The International Group has launched a new online digital tool to assist shipowners, charterers, operators and other parties in the maritime sector to track country and port specific advice, detailing the measures being put in place in response to the COVID-19 pandemic.