Corona spikes in China and the US could spell bad news for shipping

A second corona wave could spell bad news for the maritime sector which keeps an eye on the recent spike in Beijing. Brokers at Arrow, however, believe the impact of another full-blown outbreak could be more modest for the shipping markets.


A new spike in corona cases in Beijing has prompted the Chinese authorities to cancel hundreds of flights to the capital, close schools and urge people to work from home.

According to New York Times, China confirmed another 58 infections, for a total of 137 cases since last week, all traced to the Xinfadi wholesale food market in Bejing.

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