The Impact of the COVID-19 Pandemic on Shipping

Philip Teoh The Covid-19 pandemic still rages unabated in April 2020, affecting lives, businesses, individuals and industries in ways that will change the world forever. The International Labor Organization predicts that as many as 25 million jobs worldwide could be wiped out by a worldwide recession brought about by the pandemic. In many countries, governments imposed “lockdown” to restrict the movements of its citizens and to control the rapid spread of the pandemic. The lockdown was implemented throughout the countries in Southeast Asia in stages: a) Malaysia: The Malaysia government announced a national lockdown on March 18 by issuing the Movement of Control Order (Restricted Movement).

 

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