01
Jun
By Jim Shaw The outbreak and spread of COVID-19 around the world has affected shipping to various degrees and the immediate future for most sectors, outside of tankers, looks bleak. The cruise industry has been particularly hard hit with all ships, well over 400, out of operation and laid up at a cost expected to total more than $1 billion. Carnival Corporation alone, with more than 100 vessels under its various brands, is estimating a “hot” layup cost of between $2 and $3 million per ship per month while nearly full crews are kept on board. And even moving to…