Singapore. Cargo ships everywhere. Global economy has stopped. #singapore #cnbc #wuhan #coronavirus #covid19 #shanghai #WHO #CDC #WSJ
“Singapore-China's state-owned CNOOC has declared force majeure on LNG contracts.. as the country's largest LNG importer tackles disruptions in downstream markets in the wake of the coronavirus outbreak.” spglobal.com/platts/en/mark… #wuhan #coronavirus #wsj #cnbc #covid19
“Force majeure clauses rarely mention diseases, but ..provide relief in the event of “acts of government”.. Chinese authorities have ordered lockdowns and closed factories.. so the "act of government" language could allow.. to invoke force majeure straitstimes.com/business/compa…
“The outbreak has caused the U.S. Coast Guard to require health reports on crew members aboard cargo ships coming into the Ports..Total cargo volumes at the Long Beach port have been lower year-over-year each month since October.” google.com/amp/s/www.pres…
“Chinese ports have run out of space for refrigerated containers, which must be plugged into electrical outlets once they are offloaded to keep frozen meat and other food products cold, Jim Sumner, president of the USA Poultry & Egg Export Council” thepoultrysite.com/news/2020/02/c…
The big drop off in cargo volume won’t truly manifest itself until the final Feb. volume numbers are tallied. Most big retailers load up on merch before the Chinese New Year. None of them planned on China quarantining their whole economy polb.com/economics/stat… 
Many of Singapore's manufacturers work closely with their Chinese counterparts and if Singapore's manufacturing output declines...Singapore listed companies that have a majority of their sales from or operating assets located in China has tumbled some 8%. bignewsnetwork.com/news/263977430…
several ships remain under floating quarantined zones loafing as Australia and Singapore have refused to allow these to enter in fear of their virus in the crew. Several shipping giants...have decreased vessels linking China and Hong Kong the USA google.com/amp/s/www.grai…
“as a result of the coronavirus outbreak is costing container shipping lines $350 million a week in lost volumes.. as declining activity in China begins to take a deeper toll on maritime operations from shipyards to carriers of bulk commodities.” wsj.com/articles/coron…
“there has been a major dislocation in global supply chains and commodity trade.. Almost 600,000 six-meter boxes are currently out of action.. using an estimate of $1,000 per container, that means shippers had to stomach a hit of $600 million last week” the-japan-news.com/news/article/0…
“ship owners are wearing the immediate costs of having their assets idled there is a human cost of crews being laid off or stuck on ships riding at anchor while port services are paralyzed.” google.com/amp/s/www.forb…
“Singapore is set to roll out a hefty package of measures to cushion the blow from the epidemic on its economy at its annual budget on Tuesday, with some analysts expecting it to plan for its biggest deficit in over a decade.” google.com/amp/s/finance.…
“Substantially less cargo is being moved between China and the rest of the world.. Last week we had an additional 30 sailings canceled, with 23 across the Pacific and the rest to Europe.” google.com/amp/s/www.hell…
