by Przemysław Myszka
Once the coronavirus (COVID-19) pandemic is, hopefully, overcome, it'll be synonymous with a black swan, an unexpected force majeure event that rolls through everything like a thunderstorm, leaving virtually none negatively unaffected.
Sure, not so long ago we had to weather the 2007-2008 financial crisis storm, but it'd be a rhetorical question should the passenger shipping sector have to pick which of the two turned out to be worse.
Countries on lockdown, people fearing for their own lives and those closest to them, pictures of stranded cruise ships with infected and ill people on-board, and news of closing lines that have been in existence since the 19th century - these circumstances do not bode well for companies heavily involved in the ferry and cruise businesses.*
* Please note that the reported service suspension dates may have changed after the publication of this articleDownload PDF