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An empty shipping dock is seen at the Port of Los Angeles, California, on April 16, as the coronavirus pandemic continues to affect trade. Photo: Reuters
As global society locked itself down, the view took hold in recent months that simultaneous supply and demand shocks meant the idling of global aviation and most shipping vessels. The dominant story of oil prices briefly turning negative added to the impression that transport and global trade were largely standing still.
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However, the ships plying the world’s oceans play a crucial role in overcoming supply chain bottlenecks in food and medical equipment that have left billions of people in limbo. As we rebuild the architecture of global logistics, securing these essential carriers of humanity’s means of survival should be a top priority.

The paradox of Covid-19 was most apparent in the global shipping industry, with the possible exception of commercial aviation.

A quarantined labour force created human resource shortages in one of the most essential activities – moving necessary commodities and goods around the world. As such, the discrepancy between concerns about security for Zoom calls and inattention to maritime security standards is ironic.

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Huawei founder on cybersecurity and maintaining key component supply chains under US sanctions

Huawei founder on cybersecurity and maintaining key component supply chains under US sanctions

Global shipping has also been a focal point in efforts to combat rising protectionist measures such as tariffs and export restrictions on medical equipment and food. During this period, 20 major ports signed an agreement to keep maritime trade open, especially for these critical goods, helping alleviate shortages.

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