Shipping - Is The Shipping Industry A Leading Indicator Of An Impending Recession?

Although most economies have reopened and port congestions have eased, there have been other snags to the supply chain, such as the war in Ukraine which contributed to the sharp rise in inflation. A few days ago, one of the world’s largest container shippers, Maersk, warned that demand for transport and logistics will fall as a global recession looms. How might this then impact global supply chains - and what’s the state of the Malaysian shipping industry amid all these developments? For answers, we speak to Ooi Lean Hin, Chairman, Shipping Association of Malaysia.

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