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The outbreak of the novel coronavirus, recently dubbed COVID-19, continues to generate massive economic and financial uncertainty when it comes to China and global shipping.
The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. This especially holds true for the commercial shipping markets, which remain heavily reliant upon China, both on the import and export side.
In response to a rising number of enquiries from members, BIMCO is constantly updating its website with contractual and practical advice regarding the outbreak of the Coronavirus, which has been declared a global health emergency by the World Health Organization (WHO). Please find our designated content page here .
World Health Organization (WHO) issues interim guidance on operational considerations for managing coronavirus outbreak on board ships.
The World Health Organization (WHO) and the International Maritime Organization (IMO) have joined forces to issue a joint- statement in response to the challenges faced by the shipping industry during this coronavirus outbreak.
The International Maritime Organisation (IMO) issues a follow-up on coronavirus.
BIMCO will host the Perspectives and insights on shipping amidst a pandemic webinar on 14 April 2020. The free 1-hour webinar will touch upon how the coronavirus has impacted the commercial shipping markets and what the future may hold.
A new virus "Novel Coronavirus (2019-nCoV)" has been detected, causing serious outbreaks in China, Japan and Republic of Korea. WHO issues advice for international travel and trade.
BIMCO is an international association organising training courses, seminars, subcommittee meetings, working groups, etc. worldwide. As a consequence of the current spread of Coronavirus, BIMCO has decided that no BIMCO staff can travel to the Far East until further notice.
The coronavirus outbreak has affected all aspects of the shipping industry, lowering, if not wiping out, demand growth prospects for the year across all segments. The outbreak has also affected fleet development.
