Impacts of Coronavirus COVID-19 on the Global Shipping and Maritime Industry in Indonesia and How to Overcome the Coronavirus Outbreak Based on WHO and IMO Recommendations

Mohammad Danil, Arifin (2020) Impacts of Coronavirus COVID-19 on the Global Shipping and Maritime Industry in Indonesia and How to Overcome the Coronavirus Outbreak Based on WHO and IMO Recommendations. OSF. pp. 1-22.

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Abstract

Since entering the World Trade Organization (WTO) in 2001, the global share of Chinese container shipments grew up from 10% in 2003 to 14% in 2019. While the share of imports of dry bulk commodities to world volumes has jumped sharply from only 11 % to 34% in the same period. Based on the total dry bulk commodities, the portion of China in the global market is very dominant and become the major player in this industry. China imports 20% of chemicals, 18% gas, and 16% crude oil in 2019. It is understandable that the turmoil in China will have an upstream and downstream impact in the global production chain including Indonesia. The rapid spread of coronavirus has had a major impact on global shipping markets, with the slump in demand for goods from China having a ripple effect on everything from container ships to oil tankers. The freight rate for global container lines generally drops at a sharp rate of 10% -15%. A radical drop in demand for Chinese crude tankers from an average of 3.4 billion tonne miles per day in 2019 to almost zero. This was just the start of what was about to become a global crisis for all sectors including shipping. Therefore, this study aims to analyze the impacts of the Coronavirus COVID-19 on the maritime industry especially in Indonesia, and how to overcome the coronavirus outbreak based on World Health Organization (WHO) and International Maritime Organization (IMO) recommendations. The research method used in this research is the study of literature with a descriptive analysis approach

Item Type: Article
Subjects: 600 Technology, Applied Sciences/Teknologi, Ilmu Terapan
600 Technology, Applied Sciences/Teknologi, Ilmu Terapan > 629.04 Transportation Engineering/Teknik Transportasi
Divisions: Fakultas Teknologi Kelautan > Teknik Sistem Perkapalan
Depositing User: Mohammad Danil Arifin FTK
Date Deposited: 10 May 2020 05:59
Last Modified: 10 May 2020 06:00
URI: http://repository.unsada.ac.id/id/eprint/1199

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