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Tag Archives: COVID19 impact on shipping

Port Canaveral joins 69 other US port leaders urging Congress for COVID-19 relief

US flag waving in from of container terminal

PortandTerminal.com, July 27, 2020 Port Canaveral joins port leaders nationwide to press for critical relief as policymakers begin final COVID-19 Negotiations PORT CANAVERAL, FL – Port Canaveral today joined with 69 port leaders representing a broad coalition of U.S. ports, state port authorities, and port associations to urge Members of Congress to provide emergency relief for America’s ports which have …

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Two US-flagged Hapag-Lloyd box ships quarantined after positive COVID-19 tests

Hapag Lloyd container ship

PortandTerminal.com, July 15, 2020 Hapag-Lloyd has announced positive COVID-19 cases on board two of its U.S.-flagged ships NORFOLK – Hapag-Lloyd has announced positive COVID-19 cases on board two of its U.S.-flagged container ships. The German container shipping group said the cases were confirmed on the Philadelphia Express and St. Louis Express, both deployed on its Atlantic Loop 3 (AL3) service. …

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MOL to cut 40 vessels from its fleet due to virus as a “Defensive Measure”

Close up on side of container ship. Tug boat. MOL logo

PortandTerminal.com, June 23, 2020 MOL, Japan’s largest shipping company, will reduce its fleet by up to 40 vessels, equivalent to five percent, due to the coronavirus crisis | Don’t expect to see a recovery for the container sector until 2022. MINATO CITY, JAPAN – Mitsui OSK Lines (MOL), Japan’s largest shipowner by fleet size, has issued a new business plan …

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Stranded at Sea in The Time of Corona

Seafarer walking along cargo ship

BLOOMBERG, JUNE 14, 2020 Spanish fisherman struggled to get home during the pandemic | UN’s IMO says shipping sector on verge of humanitarian crisis By Laura Millan Lombrana, Laura Hurst, and Jack Wittels for Bloomberg Spanish fisherman Josu Bilbao boarded a Qatar Airways flight headed for the Seychelles in January, just as he had done for the past 15 years. Ahead of him, …

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Almost 12% of the world’s container shipping fleet is inactive – a record high

Maersk Container Ships In Loch Striven. Mountains in background

PortandTerminal.com, June 3, 2020 The analyst Alphaliner says though that it believes shipping lines may have overestimated the severity of the demand contraction in May. PARIS – Globally, the inactive container shipping fleet has reached an all-time high of 11.6% of the fleet in capacity terms at the end of May, according to analyst Alphaliner. The idle containership fleet stood …

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CMA CGM Debt Plan At Risk Amid Virus Fears

Container ship at sea. Blue hull. Marked CMA CGM on the side

BLOOMBERG, February 26, 2020 CMA CGM is trying to refinance $400m in credit lines in March. The company moves more than 10% of containers out of Asia By Antonio Vanuzzo and Laura Benitez for BLOOMBERG – The coronavirus outbreak is threatening to scupper a debt refinancing for the world’s third-largest container shipping company. France’s CMA CGM SA is aiming to start refinancing its debt pile by the end …

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