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Over the course of the last few days, with the dramatic plunge in oil prices and increased concern around the impact of COVID-19 (coronavirus), the need for shipping financiers and owners to consider its implications under their financing agreements has become even more pressing.
COVID-19 (coronavirus) is impacting the global construction industry with projects facing labor shortages, supply chain issues and financing pressures.
COVID-19 has already hit the shipping industry hard, with importers and exporters facing cancellations of sales contracts, shipping contracts and late deliveries.
A comprehensive look at the coronavirus outbreak, its impact on the global supply chain and key industries, as well as practical next steps for businesses.
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