2020 has brought seismic change to the globalised shipping and logistics sector and with cost pressures high on the agenda, the importance of competitive currency exchange has never been more clear.
Every journey within the shipping industry plays its part in the international supply chain and relies on cross-border relations as well as a number of interaction points. In addition, the pandemic has brought changes to rules relating to crew changes, shore leave, seafarer repatriation as well as additional requirements regarding PCR tests and even some ports prohibiting ships from high-rusk countries. That’s why movements in the currency markets can not only affect your profits, but also the day-to-day operations of every vessel.