In 2020, a billion tons of goods will be wiped out by the Coronavirus. These are the updated forecasts provided by Clarksons’ director, Steve Gordon, in the latest report on the side effects of the pandemic.
According to the consulting firm, the seaborne trade was down by 10.6% in May compared to the same month in 2019. The figure leads Clarksons to believe that traffic is likely to fall by 5.6% at the end of the year. This would be the worst result in 35 years.
Although the impact of Covid on the shipping industry is clear, Clarksons still sees some hope for the future. This is demonstrated by the global port call activity index, which measures the level of port activity based on the monitoring of ship-to-ship activity.
In June, the index fell by 7.4% compared with the same month of the previous year. A negative result, but still better than the -9.9% recorded in May, a sign that the activity of many ports of call, including Chinese ones, is gradually normalizing.
The shipbuilding sector, which has seen a 20% drop in shipbuilding deliveries on an annual basis, may soon return to acceptable productivity levels.
Translation by Giles Foster