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Shipping stakeholders worry about virus: "Market psychology is turning negative"

The current coronavirus outbreak could have consequences for the shipping sector, and it also forces shipping companies to act in terms of infection risk, warn several shipping stakeholders.

Photo: Carlos Garcia Rawlins/Reuters/Ritzau Scanpix

Several stakeholders in the shipping sector are now commenting in grave terms the Chinese coronavirus that has spread in the past week with numerous cases reported around the world.

One of these stakeholders is brokerage Poten & Partners, which notes that the situation today is different than during the SARS epidemic in 2003, as China plays a far bigger role in global trade today.

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