Question

How Covid 19 affected international shipping in Europe

Answer 1

Shipping in Europe is one of the cheapest methods when it comes to connecting with the world for sales and trade. Having positioned close to the sea, some countries of Europe more than other's extract out the best of trade advantage situation. The sea is also used for travel purposes also. Travel purposes could be both for long route inter country travel or with in the continent. Either ways shipping plays a major role.

With the wake of Covid 19, the world came to a standstill. There is not trade as the spread of the disease haunts every linking individual. Not only this the money made out of travel shipping saw the worst hit.

Discussing the trade aspects first , the high trade and travel values of sea is deeply affected because of high panic which Covid 19 created. This took a serious hit over the demand of the trade facilities. Not only this, people are reluctant to carry on any trade as precautionary measure.

Hence all in all the international shipping in Europe , due to falling demand and supply , got majorly hit and hence badly affected due to Covid 19.