Offshore Energy
  • news
  • test
JobsNewsletter
Offshore Energy logo
Topics
  • News
  • Contracts & Tenders
  • Authorities & Government
  • Automation
  • Business & Finance
Network
  • Dredging Today
  • NavalToday
  • Offshore Energy
  • Offshore Wind
  • Maritieme Vacaturebank
Company
  • Advertising
  • Newsletter
  • Jobs

© 2026 Navingo. All rights reserved.

Home›News›ICS: Coronavirus Costing Shipping Industry USD 350 Mln a Week
News

February 26, 2020 · about 6 years ago

ICS: Coronavirus Costing Shipping Industry USD 350 Mln a Week

Coronavirus outbreak is estimated to be costing the shipping industry USD 350 million a week.

2 minutes read
  • LinkedIn
  • X
  • Email
Coronavirus

The impact of the outbreak of the coronavirus is estimated to be costing the shipping industry USD 350 million a week in lost revenues, according to the International Chamber of Shipping (ICS).

The virus outbreak is having a significant impact on the shipping sector and the industry is working closely with the World Health Organization (WHO) to ensure that guidelines for industry and governments help limit the spread of the virus, whilst maintaining international trade.

As such, the ICS Secretary General, Guy Platten, is leading a delegation of industry leaders to meet with WHO in Geneva and discuss the impact of COVID-19 on the industry.

ICS estimates that more than 350,000 boxes have been removed from global trade as a result of the outbreak.

As informed, global supply chains continue to suffer, and issues remain around the quarantining of ships at ports, crew changes, and ensuring the health of seafarers and passengers.

“We have proposed a collaboration with WHO to evaluate and refine best practices regarding managing health threats in a shipboard environment. The cruise industry, in particular, has highly advanced practices and procedures and we are looking for practical ways to adapt those to broader maritime applications. We hope this effort will help provide some additional clarity and consistency for shoreside authorities when addressing ships during a health emergency,” Platten said.

“Our thoughts are especially with the Chinese people and the maritime industry is standing ready to be a powerful engine that helps them recover when this situation improves.”

ICS has been advising all members to closely follow the WHO-backed guidelines on how to limit the risk of infection.

Reach the Offshore Energy industry in one go!

Offshore Energy is read by thousands of professionals every day.

Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.

CONTACT

Follow Offshore Energy on:

Filed under

News

Home of Energy Transition

Join thousands of industry professionals who start their day with our newsletter.

Trending Now

  1. 1ADES jack-up rig pair lines up drilling jobs in Nigerian and UK waters
  2. 2Odfjell Drilling’s rig remaining with Norwegian oil & gas operator for another year
  3. 3Karoon boosts Brazilian field’s oil output with all wells now online
  4. 4TotalEnergies offloading Mexican shallow water block to Grupo Carso

Related articles

€90M loan for Port of Rotterdam’s shore power development
News

€90M loan for Port of Rotterdam’s shore power development

about 4 months ago

QatarEnergy: Missile attacks spur $20 billion loss with drop in LNG exports
News

QatarEnergy: Missile attacks spur $20 billion loss with drop in LNG exports

about 4 months ago

Home of Energy Transition

Join thousands of industry professionals who start their day with our newsletter.

Subscribe free

Related news

€90M loan for Port of Rotterdam’s shore power development
News

€90M loan for Port of Rotterdam’s shore power development

about 4 months ago
QatarEnergy: Missile attacks spur $20 billion loss with drop in LNG exports
News

QatarEnergy: Missile attacks spur $20 billion loss with drop in LNG exports

about 4 months ago