The crisis in the global shipping industry has been largely on the back of uneven post-Covid recoveries of the major importing and exporting countries, according to a report by Drip Capital. Small and medium businesses (SMB) around the world contribute to over 25 per cent of the $18 trillion maritime trade, said the report, adding that Drip Capital observed that this sector has been going through a more profound and widespread crisis since the onset of the Covid-19 pandemic and the resulting economic contraction.

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