We know that coronavirus (covid-19) have affected and also continue to affect almost every section in the world. Of course, it has been affected damage China as the first time and also China had solved it with a powerful strategic plan. It has succeeded to beat that big problem. After China, other countries began to be affected that virus such as South Korean, Japan etc. When we look at the export report in China, it seems down after the outbreak. But it’s still number one in many different sections.
South Korea, as a great competitor, leaded China in shipbuilding orders in February, in light of data from Clarkson Review Services. South Korean shipping building part won the most top-line to build eight ships in February that have reflected 67 % of the global maximum produced. This success was more than China. In the same time, also the Philippines dominated Chine with 60,000 gross tons and it has built four ships like the situation of Japan with one ship.
Division in Chinese industry with a reason of the coronavirus is probably the cause of Chinese declined order rate but we can clearly say that it still the global leader rely on accumulated with 26.16 million gross tons or it is described 35 % of the global market. In this line, South Korea fall into second with 21.28 million gross tons ( 29 % of total amount) and Japan is third with 10.91 million gross tons ( 15 % of total amount).
Shipping trade in China descended by 96 % in February according to data of January. This bad situation created declined trade in South Korea with 54 % and in Japan with 39 %. Also one of the other results of coronavirus is a trade of falling agricultural products in South Korean. Departing shipments of agricultural products influenced $ 692 million in January, it is meaning declined departing products because it was $ 786 million posted began of year.
China as the largest trading partner which has reported delayed logistic services (agricultural products, automobile) from South Korea to China because of coronavirus. All the partner have influenced dramatically in this outbreak process. The outbreak has caused suspend logistic services in China in which involve agricultural food. People stay away from offline stores then the amount of stock is expecting to boost down the road as well.
Although the outbreak has affected all different sectors, Chinese conglomerate Yangzijiang Shipbuilding has protected an enormous $1.15 billion order for ten dual-fuel containerships which have a capacity of 14.000 TEU each of them. Tiger Group in Hong Kong which is a great and veteran player in the own of container ship business that placed the order and it will access the first ship in the series in 2022.
