Last Updated on February 26, 2020, 3:00 AM AST by Anthony Morris
Jamaica and Caymans denied entry to a cruise ship named Meravigila. This happened as Jamaica and the Cayman Islands denied permission to an MSC Cruises ship, the Meraviglia, to land passengers on Tuesday as scheduled.
The reason for the denial of permission for landing passengers was that it was feared that an ill crew member could have the Coronavirus.
MSC Cruises, which is a private holding, did not respond immediately comment about the crew member.
The company denied the possibility of the crew member having Coronaviruss after one day. The denials were made after the United States Center for Disease Control and Prevention formed travel warnings for several countries in the continents of Europe and Asia.
The share prices of the Royal Caribbean Cruises Ltd. dropped by more than 7% on Tuesday and closed at $89.55 per share, which is more than 16 points lower than Friday’s closing price. Also, it slipped down from its 52-week high price of $135.32.
The overall market continued to face a sink on Tuesday after Monday brought the worst drop for the market in the past two years.
The Dow Jones Industrial Average fell by 3.1% or 879.44 points for a decline of almost 2000 points since Friday in total.
Airline stocks also sunk and sinking continued on Tuesday as well, the American Airlines, came down by more than 9% and closed at $23.12 which is almost 5 points below its Friday closing price.
Delta Airlines fell by more than 6% and closed at $50.89 which is almost 7 points below its Friday closing.
Coronavirus, which is an upper respiratory disease, has already killed more than 2,700 people, most of the casualties have been in mainland China since the virus originated in the central Chinese province of Hubei towards the end of the last year.
Anthony Morris covers stories related to politics and regional developments. His in-depth reporting about governance and reforms makes him stand out in regional journalism, with a deep analysis of political trends and their impact on Caribbean communities.
