Trade Finance Talks, Issue 6, Spring 2021
With the shipping industry operating on razor-thin profit margins and tight schedules, sound working capital management is essential for businesses to survive, but also thrive. Since March 2020, the COVID-19 pandemic has shone a light not only on the critical nature of the industry in delivering essential goods globally but also on the multitude of issues facing those involved in maritime trade. Most pressing of these is the substantial lack of trade finance and working capital programs tailored to meet the industry’s needs. This leaves even the world’s strongest-performing companies without readily available and easily manageable financing options.
Unfortunately for the shipping industry, the shift to working remotely has... Read more
Credit: Trade Finance Talks, Issue 6, Spring 2021.