Global shipping markets are struggling to resume normal trade operations as the coronavirus-induced restrictions on seafarers takes toll on logistics chains, threatening earnings prospects and ramping up freight as well as demurrage costs, industry sources told S&P Global Platts. The recent government restrictions imposed by countries such as the Philippines and Hong Kong is adding to the woes and expenses of shipowners and operators alike, the sources said in the week ending Aug. 15. In what used to be a natural and regular transition from one set of crew to another, it has now turned into a lengthy, complicated and costlier process. Dry bulk shipowner sources say the estimated time to replace crew at Manila in the Philippines […]