This is the time of year when our real estate market usually takes off. At Regan + Ferguson Group, our 2020 goals, budget, and payroll were based on market

How will global trade change due to Covid-19?

  • With economies everywhere in recession, people will buy less; hence cargos will be reduced
  • Lower oil prices due to the recession would allow ships to run faster. But with less cargo available they probably won’t; they might even slow down
  • Procedures at every port will be more elaborate. = health checks for all crew; decontamination of containers probably not needed.
  • Cargo handling possibly slowed by the need to keep separation between dock workers
  • The contents of containers at their final destinations might have to be decontaminated
  • Charter rates fall for liquid and dry bulk cargos because of the worldwide economic slowdown