Table 7.
Sectors | Product/service demand | Social impact | Financial impact | Business operation | Global business |
---|---|---|---|---|---|
Shipping | Exports: ↓ 25.5%, Imports: ↓ 30%, |
300,000 seafarers trapped at sea globally. | 15–60 million losses | Business as usual with strict SOP | Container ship: ↓13.77% Passenger ship: ↓42.77% |
Maritime tourism | Not allowed during MCO - CMCO | Laid off: 2041 (3.6%), unpaid leave: 9773 (17%), pay cut: 5054 (9%). |
60% losses | Total closure during MCO -CMCO | No international tourist due to closing of border |
Fisheries | Low local and global demand | Fishermen income: ↓50% Job losses: 33% |
Price of fish: ↓50–70% | Business as usual with strict SOP | Seafood imported to Singapore: ↓50% |
Oil and gas | Local demand: ↓ 30% | Sapura Energy: 50% salary cut off for higher management, 800 staff lay off (20%) | No data | Business as usual with strict SOP | Oil prices: ↓ 30% BP: Cut off 15% staff worldwide (10,000) |