BUSINESS IMPACT OF COVID-19 PANDEMIC ON GLOBAL MARITIME INDUSTRY


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Cengiz H., Turan E.

Journal of Naval Sciences and Engineering, vol.17, no.1, pp.43-75, 2021 (National Refreed University Journal)

  • Publication Type: Article / Article
  • Volume: 17 Issue: 1
  • Publication Date: 2021
  • Title of Journal : Journal of Naval Sciences and Engineering
  • Page Numbers: pp.43-75

Abstract

Coronavirus (COVID-19) pandemic has affected whole world in terms of health and global economics. As in all sectors, global maritime industry which comprises many work expertise and provides international work space for the employees, has also been stressed. For this importance, COVID-19 business impact survey on global maritime industry has been conducted during the first wave of the pandemic. Respondents of the research survey were working in a wide range of position and job alignments in the sector that are located in 21 countries all over the World. The purpose of this study is to determine the business effect of pandemic on global maritime industry. For this aim, a survey that consists of 36 questions has been conducted. These questions were initially related with descriptive ones that are firm characteristics and expertise. Then, ability of the companies while executing business operations under these situation has been investigated and the problems about financial structure as of liquidity, government & institutions assistance, transaction strategies, the actions of second wave, changes of employee, concern about future for company has been determined.