meta_pixel
Tapesearch Logo
Log in
Business Daily

Stormy seas for global shipping

Business Daily

BBC

News, Business

4.4796 Ratings

🗓️ 8 February 2021

⏱️ 18 minutes

🧾️ Download transcript

Summary

We explore the twin crises affecting the shipping industry. First, thousands of seafarers are stranded far from home, unable to travel because of the coronavirus. Add to that congestion at ports across the globe and sky-high freight rates. The result? Unprecedented pressures on an industry that’s usually far from the public eye. We hear from stranded ship-workers and those trying to help them return home. And we speak to the importers and exporters struggling to stay afloat as shipping rates go up and up.

(Image credit: Getty Images.)

Transcript

Click on a timestamp to play from that location

0:00.0

This is Business Daily on the BBC World Service. I'm Vivienne Nunes. Have you ever really

0:07.4

thought about global shipping? Well, if not, you're probably not alone. But on today's program,

0:13.0

we'll be asking why the industry that makes the world's goods go round has found itself amid

0:18.2

stormy seas. With freight costs going through the roof

0:21.8

and coronavirus restrictions ongoing.

0:24.8

We hear from the businesses and the seafarers finding themselves stuck.

0:29.5

I miss my family so much, especially my wife and my daughter.

0:32.5

To be honest, if it continues like this, we just don't see how we can actually carry on trading.

0:40.8

Business Daily from the BBC.

0:45.5

Can you remember ever seeing a container ship?

0:49.0

I've only seen them a couple of times, anchored in ports when I've flown into Singapore or Dubai,

0:55.0

or once when I reported from the port of Mombasa in Kenya.

1:02.7

This is a key gateway for cargo coming in and out of East Africa,

1:07.0

and all around me shipping containers are being picked up and hauled around

1:10.5

by a busy network of cranes, tractors and trucks, each of them containing commodities like steel or wheat or any number of consumer goods.

1:20.2

Being mostly a land lover, I've seen more shipping containers repurposed into shared office space, but the goods I use every day almost certainly

1:28.7

travelled to me over the sea in a cargo ship. But usually container ships in the job they do

1:34.3

are invisible to most of us, just humming along in the background, bringing goods from far away

1:40.2

factories to local stores and warehouses, ready for us to buy. During the pandemic though,

1:46.4

international supply chains have been hugely disrupted. Goods that we expect to be ready

1:51.6

for us whenever we want them are being held up by a shortage of empty containers in Asia and backlogs

1:57.8

in ports from Auckland to LA. The people who work on those ships have also had their lives turned upside down.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.