Virus hits shipping, spreading global economic strain | The Malaysian Insight

A view of the Port Botany container terminal in Sydney. With the number of reported deaths from Covid-19 now above 2,400 and swathes of China under lockdown for a second month, the shipping industry’s slump is expected to continue. – EPA pic, February 23, 2020.

SEA freight transport, the lifeblood of trade and a bellwether of the global economy, has been blown off course by the new coronavirus, sparking general alarm. As analysts pore over charts to gauge just how badly Chinese mega-factories have been hit, figures provided by cargo ship traffic paint a gloomy picture.

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