Another Covid Crisis for Global Supply Chains
Bloomberg Businessweek|July 19, 2021
Hundreds of thousands of unvaccinated seafarers could snarl international trade
By K. Oanh Ha, Ann Koh, and Claire Jiao, with Arys Aditya and Dong Lyu
Another Covid Crisis for Global Supply Chains

Vaccinations of seafarers are going too slowly to prevent outbreaks on ships from causing more trade disruptions, endangering maritime workers, and potentially slowing economies trying to pull out of a pandemic slump.

Infections on vessels could further harm already strained global supply chains, just as the U.S. and Europe recover and companies start stocking up for Christmas. The shipping industry is sounding the alarm as infections increase and some ports continue to restrict access to seafarers from developing countries, which supply the majority of maritime workers but can’t vaccinate them.

All signs point to a worsening crisis on the oceans, at the same time the industry seemed to be emerging from months of port restrictions that hurt shipping firms’ ability to swap out crews and left hundreds of thousands stuck at sea for months.

“It’s a perfect storm,” says Esben Poulsson, chairman of the International Chamber of Shipping (ICS), which represents ship owners. “With this new delta strain, there’s no doubt it’s setting us back and the situation is getting worse. Demand for products isn’t letting up, crew changes aren’t happening fast enough, and governments continue to stick their heads in the sand.”

This story is from the July 19, 2021 edition of Bloomberg Businessweek.

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This story is from the July 19, 2021 edition of Bloomberg Businessweek.

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