It will survive, but there will be fewer companies with fewer ships if demand drops and stays down. The big question is will demand pick back up in a year or two as the world learns to live with the Coronavirus. Which companies are financially strong enough to weather the storm: I certainly would not want to be a company that was in the midst of an expansion, bringing expensive new ships online that I now cannot fill. Especially if that expansion was funded with borrowed money.
As the saying goes: “No one knows you lost your trunks until the tide goes out.” Well, the tide is going out now.....
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