Coronavirus wreaking havoc on global mail delivery
Wed, Feb 12, 2020 - 11:21 AM
Some critical documents, such as bills of lading and letters of indemnity, aren't getting to mainland China and ship owners are unwilling to release cargoes to their buyers without them, according to three traders in the physical copper market, who asked not to be named discussing commercial issues.
[LONDON] In a world dominated by email and smartphones, the shipping industry still relies heavily on paper documents delivered by courier. With people unable or unwilling to travel to China because of the coronavirus, that dependence is wreaking havoc on commodities traders.