Stormy seas for global shipping

Business Daily

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00:18:25
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Stormy seas for global shipping

Business Daily

We explore the twin crises affecting the shipping industry. First, thousands of seafarers are stranded far from home, unable to travel because of the coronavirus. Add to that congestion at ports across the globe and sky-high freight rates. The result? Unprecedented pressures on an industry that’s usually far from the public eye. We hear from stranded ship-workers and those trying to help them return home. And we speak to the importers and exporters struggling to stay afloat as shipping rates go up and up. (Image credit: Getty Images.)
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We explore the twin crises affecting the shipping industry. First, thousands of seafarers are stranded far from home, unable to travel because of the coronavirus. Add to that congestion at ports across the globe and sky-high freight rates. The result? Unprecedented pressures on an industry that’s usually far from the public eye. We hear from stranded ship-workers and those trying to help them return home. And we speak to the importers and exporters struggling to stay afloat as shipping rates go up and up. (Image credit: Getty Images.)
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