The ongoing challenges of COVID-19 has affected all corners of the globe, with GDP taking a beating. While some have envisaged a V-shaped recovery, others are less optimistic, forecasting a U-shape where it takes longer to bounce back. The pandemic has not only transcended traditional maritime, fast-tracking businesses to digitalise their operations, but also impacted various sectors of the industry such as trade, tanker, oil markets and more. How are shipowners navigating the current environment?
Read on to find out the perspectives from shipowners on their outlook for the industry post-pandemic.