Macro Moves
Guided by movies like Titanic, Pirates of the Caribbean Sea, etc, I thought that other than terrible tides, icebergs and bad pirates nothing could damage a ship. But in reality, COVID-19 left the cruising industry more bruised than all the three. The ships carry about 83 million people every year. But the virus spread brought the numbers down drastically. Following this, countries like the UK, America, India, etc warned their people against all sorts of travel. Also, they said a strict no to the entry of foreign ships. These ships were allowed to use only those ports where thermal scanners are available or where a prior notice was issued. A lot of ships were stranded at waters with no possible port to enter. Customers started canceling or postponing their bookings pushing the entire cruising industry to abandon the waters. Along with the three companies which dominated the cruising sector, Carnival cruises, Royal Caribbean and Norwegian, the entire industry suspended all their activities till the mid of May. But with the current situation, they might not be sailing again anytime soon.
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about 4 years ago