The global shipping industry is the backbone of a healthy economy. This has helped the delivery of goods continuously reach its intended recipients. The COVID-19 pandemic has shown us its importance and impact on the global market. These days, geopolitical tensions have also caused many ships to turn away from the Red Sea, leading to additional costs and delays.
As the world continues to strive back to “normal,” the shipping industry is still treading a steep path for recovery due to high costs and port congestions. While there may be challenges in the industry, we see some companies starting to show potential and potentially come back as soon as the sector rebounds.
