Deguara Farrugia Advocates

Published also in Times of Malta (Click to access the content) The shipping industry, within the limits of today’s situation, continues to operate and keep crucial supply chains flowing across the globe. Having said this, the outbreak of the Coronavirus (COVID-19) has seen a widespread negative impact on the industry’s operations. It has affected many different aspects of the industry, including the dry bulk, containership, and oil tanker markets amongst others, since international trade activities across the globe have substantially declined to reduce the spread of this novel virus. COVID-19 has wreaked havoc on global shipping, which in the near future, could lead to yet another industry wide crisis in a somewhat already struggling shipping industry.