Late yesterday morning (March 18) Maritime Safety Queensland (MSQ) banned all commercial ships from entering ports in Queensland if the ship, or any person onboard, has been in any country outside of Australia within the last 14-days. Shipping...
Brazil’s mining giant Vale is considering a temporary closure of its Malaysian distribution center Teluk Rubiah Maritime Terminal (TRMT), which would result in 800,000 tonnes of lost iron ore shipments over the first quarter of 2020.
The coronavirus – COVID-19 – is sweeping through the global economy but the global shipping industry continues to operate keeping world trade running despite facing severe disruptions.
Shipowner organisations are highlighting the difficulties that regulations aimed at preventing the spread of the coronavirus – COVID-19 – are having on crew changes, and as well as inspections and repairs.
The dramatic drop calls to ports in the Indian sub-continent has led to a sharp rise container freight rates in the first half of March reflecting the effects of large-scale vessel capacity reductions and equipment shortages.
Ship calls have dropped dramatically at Indian ports as container lines with reduced services due to the coronavirus COVID-19 skip calls forcing shippers to tranship cargoes.