engleski

The Impact of Covid-19 Pandemic on the Financial Indicators of Maritime Companies in Croatia

The Covid-19 pandemic has led to a mobility crisis, as isolation measures are mandated, physical distance must be maintained, and confined spaces must be avoided to limit the spread of the virus. In maritime transport, despite the significant increase in freight rates, especially in the container business, a slowdown in global activities has been observed. With nearly 80% of the world's trade being seaborne, maritime disruptions are impacting global trade flows and logistics supply chains. This paper analyses the impact of Covid-19 pandemic on the financial performance of shipping companies in Croatia, considering the most severe period in 2020. The research sample consists of the entire portfolio of companies designated as Water Transport Activities – NKD 50, according to the databases of the National Classification of Activities. Based on the monetary indicators and their comparison before and during the Covid-19 pandemic, the results indicate a negative impact on financial operations, which led to a decrease in most of the financial parameters studied. The pandemic affected the liquidity and business results of maritime companies in Croatia, challenging their sustainability and long-term development.

COVID-19 ; financial indicators ; maritime companies ; Croatia

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