At the crossroads of trade, transportation, and logistics management, the maritime industry has unquestionably faced the slings and arrows of COVID-19. This article explains the implications of the pandemic—both bad and good—for various segments of the marine market.
Authored by Basil M Karatzas, the article under the title "COVID-19 and the Maritime Industry" has originally appeared in the Journal of Equipment Lease Financing (Fall 2020) published by the Equipment Lease Finance Foundation. We are grateful to the Foundation for the hosting of the article, covering the COVID-19 pandemic and its impact on the shipping industry—with special focus on shipping financing and leasing.
Previous articles on the COVID-19 pandemic and aspects on the marine industry have been posted previously on this blog:
"Will COVID-19 prove to be the ESG-catalyst for the Shipping Industry?", posted on August 3rd, 2020
"COVID-19 and Shipping: Legal Considerations", posted on July 18, 2020
"What COVID-19 Means for the Many Sectors of the Shipping Industry", posted on June 7th, 2020
"COVID-19 & Shipping – Not A Time to Put Sustainability on The Backburner", posted on May 5th, 2020
"Shipping Asset Valuations at the Age of COVID-19", posted on May 5th, 2020
"COVID-19: Shipping Industry's Uncharted Course Facing A Novel, Systemic and Long-tail Risk", posted on April 22, 2020.