COVID-19 and its Impact on the Shipping Industry
International trade and shipping play a key role in the transportation of essential supplies, foods and other necessities, a role which becomes even more significant during the ongoing COVID-19 pandemic. Nonetheless, the lockdowns and restrictions on entry imposed by many countries are causing a severe disruption to the industry while reduced manufacturing activity greatly affects shipment volumes and traffic. The outbreak of COVID-19 almost coincided with the long-awaited 2020 Sulphur cap, which was forecast to cause short-term uncertainty in the industry...