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European ports urge for financial backing to overcome economic woes

April 13, 2020

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However, they have not been spared from a huge economic impact amid the drop in cargo and passenger volumes as a result of coronavirus-related disruptions to the supply chain across the board.

Therefore, the European Sea Ports Organisation (ESPO) urges the European Union as well as national governments to provide the ports with immediate financial relief measures once the crisis subsides.

The financial lifeline is crucial to help bridge the lockdown and impact on port stakeholders whose activities have been limited or suspended completely, the organization said.

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