Maritime industry faces multibillion-dollar bill for coronavirus with insurance cover limited, warns DWF

Shanghai Yangshan deepwater port, Hangzhou Bay, China. Credit: iStock/fazon1

With insurance cover limited, many companies in the maritime industry will be forced to take a financial hit from the coronavirus outbreak, law firm DWF has warned, adding that the bill is likely to run into “billions of dollars”. In a comment on the impact of the virus outbreak on maritime and trade, Jonathan Moss, head of marine and trade…

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