A decade after the global financial crash precipitated a crippling overcapacity crisis, the global shipping sector has been struggling to recover.
Global shipping is a behemoth of an industry. It has a direct and indirect economic impact of more than $400 billion annually, and more than $4 trillion worth of goods move by sea freight each year. But it's also a delicate sector, closely tied to the health of major economies, prone to cyclic swings and vulnerable to the world's reaction or overreaction to any number of political events....
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