Economics

Commodity Shippers Face ‘Crisis in Demand’ on Virus Outbreak

IHS Markit’s Kapoor says first quarter set to be a ‘wipeout’
Disruption across China is seen hurting flows of raw materials

Rahul Kapoor, maritime and trade vice president at IHS Markit, discusses the spread of the coronavirus and its impact on the shipping industry. He speaks on “Bloomberg Markets.” (Source: Bloomberg)

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By Krystal Chia and Haidi Lun

February 6, 2020 at 2:24 AM UTC

Updated on

February 6, 2020 at 6:01 AM UTC

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The global commodity-shipping industry faces an extremely challenging quarter as the impact of the coronavirus outbreak in China adds to other headwinds including seasonally low demand and the impact of recent fuel-rule changes, according to IHS Markit.