Nearly 90 per cent of the world’s trade is carried by the global shipping industry. Without shipping, global cargo trade via imports and exports would essentially cripple nations and international markets. The sector was heavily hit by the Covid-pandemic disrupting global supply chains yielding a sharp increase in freight costs. This came with the partial

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Martin Mwita is a business reporter based in Kenya. He covers equities, capital markets, trade and the East African Cooperation markets.

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