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Navigating Shipping Challenges Amidst Pandemic Disruptions

The chapter delves into the complexities of global shipping industry in 2020, highlighting the impact of COVID-19 strains, travel bans, and disruptions in shipping. It discusses the bottlenecks affecting the shipping industry, such as shortage of containers and congestion in ports, due to increased demand for goods. Despite global economic challenges, shipping firms are thriving with skyrocketing profitability and record-breaking freight rates.

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