covid-19
Vessel operating costs have risen at their fastest pace in over a decade this year, on higher insurance cover premiums and COVID-19 related expenses, but are expected to moderate in subsequent years as pandemic related spend unwinds, according to the latest Ship Operating Costs Annual Review and Forecast 2020/21 report published by global shipping consultancy Drewry.
Drewry estimates that average daily operating costs across the 47 different ship types and ...
[+]
Updated April 30, 2020, by the American Association of Port Authorities (AAPA). Containerized cargo is down 20-25% from the same time periods in 2019. Blank sailings, where ships cancel port calls, resulted in a revenue loss of roughly $300,000 per blank sailing at large ports. Roll-On/Roll-Off cargos, principally automobiles, ...
[+]
The practice of cancelling sailings on an industrial scale has been, since February, the strategy put in place by the carriers to address the huge volume drop across major container trades globally, since the outbreak of Covid-19.
The cancelled sailing tracker, part of the Drewry Coronavirus Hub, provides weekly insights ...
[+]
Almost half of all retailers expect some economic downturn in their revenue as a result of the WHO declared pandemic known as the coronavirus, or COVID-19, according to a March 2020 survey by Digital Commerce 360 of 304 retailers.
In the Digital Commerce 360 exclusive article, "Taking the pulse: Retailers and ...
[+]
Fallout from the COVID-19 outbreak has affected almost all businesses in Hong Kong but the many trade-focused small and medium-sized enterprises (SMEs) face a stiffer challenge than most as prolonged factory shutdowns in Mainland China have weighed on the global supply chain network.
Meanwhile, Hong Kong, one of the world’s leading ...
[+]
