The shipping sector in Italy: from the 2008 financial crisis to the impact of Covid-19
El sector maritimo en Italia: de la crisis financiera de 2008 al impacto del Covid-19
Keywords:
Shipping industry, Bulk e Dry shipping, Covid 19, Baltic Dry Index/BDI, PNRRAbstract
The article describes the current situation of shipping in Italy and its prospects after the pandemic.
As the market has already faced several recessionary phases recently, a comparison is made between previous financial crises and the ones caused by Covid. It is examined how the main market players reacted to an exogenous crisis such as the one caused by the pandemic compared to the endogenous ones of 2008 and 2016. It describes the policies and commercial formulas adopted by operators to contain costs and losses and their adaptation to the new scenario caused by the pandemic.
The cognitive and informative research was carried out by consulting bibliographic material selected from the most accredited citation databases (Scopus, ISI/WOS, etc.) and data and information of an experiential nature derived from the author’s professional activity.
The results stem from two working hypotheses. The first one analyses the characteristics of the shipping market in Italy after the financial crises and the pandemic. The second examines the investments made by the main players in the market during the pandemic period.
The study thus ascertains whether the actions taken during the pandemic period by the main Italian shipping companies and the support given to the sector by the Public Authorities have improved company performance.
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