Owner of the world’s largest container line, AP Moller – Maersk, says its $5.5bn EBITDA guidance is subject to “significant uncertainties” from the coronavirus (Covid-19) and the implementation of IMO 2020.
Container lines are rolling out surcharges on backhaul routes to Asia as blanked sailings from China on mainline trades due to the impact of the coronavirus putting the squeeze on capacity for imports into the region.
With the spread of the coronavirus not yet believed to be at its peak, the oil and tanker shipping markets have responded to the outbreak with a number of operational changes, according to analyst Poten & Partners.
Crewing and commercial issues were in focus in a Capital Link webinar on the impact on shipping of the coronavirus (Covid-19).
Ocean Network Express (ONE) has implemented a $1,000 per container congestion surcharge for reefer cargoes arriving in Shanghai and Xingang (Tianjin) as the coronavirus (Covid-19) hits the availability of plug-in points.