Maritime CEO Issue Two 2020

Page 50

MARPOLL REGULAR

Pandemic pondering Readers have plenty to say about how Covid-19 is shaping our industry Which sector will be hit hardest by coronavirus?

Which sector will see the quickest recovery once the coronavirus outbreak recedes?

Consumers around the globe will avoid spending on anything which is considered as nonessential

Dry bulk 8% Containers 45% Crude tankers 4%

Containers are the barometer of global trade

LNG 1%

Dry bulk 30%

LNG 8%

LPG 1%

Containers 41%

LPG 1%

Car carriers 37%

Crude tankers 7%

Car carriers 2%

Product tankers 2%

Product tankers 11%

Does the current lull in demand mean that digital efforts will be accelerated or decelerated?

Will ship leasing come under pressure this year thanks to these financial institutions’ exposure to the aviation sector?

“”

Cost savings too great to pass

The banks will seek to divest their transport portfolios away from ever riskier aviation

up

Sped up

85%

Yes

70%

Slowed down 15%

No

30%

Will shipping experience record numbers of layups in the coming 18 months?

“ 64%

No

36%

Has the coronavirus fundamentally changed how your business operates going forward?

More digital tools will be required. More remote working

48

Yes

60%

No

40%

Will seafarers be considered as essential workers and permitted more freedom of movement?

Smaller shipping companies with cash flow on the lower side will be the most affected ones

Yes

Sorta. On paper yes. In ports and airports, not so much, especially if fear takes over decisions

Yes

59%

No

41%

Does the current crisis mean that we will get back to more free trade sooner or later?

It’s a US election year!

Yes

33%

No

67%

maritime ceo


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.