The COVID-19 outbreak has had a considerable impact on business globally, particularly the Maritime sector.
In December 2019, the coronavirus (COVID-19) was first reported as an emerging virus in China, and in the following weeks, the virus had spread globally. Earlier this month, the WHO declared the COVID-19 outbreak as a pandemic, thereby indicating that the virus will affect people across a huge geographical scale. Stock markets in most countries have suffered a slump in the last few weeks and a large number of businesses were potentially staring at a financial crunch.
In the below article, our Partner and Head of Shipping Litigation, Ravi P. Jawani MICS and Associate, Keshav Raychaudhuri address the various issues affecting vessel charters in view of the pandemic.
Read the full article here.