From Quiver Quantitative:

An analyst warns of growing threats to global maritime security that jeopardize the free flow of commerce across the world’s oceans, as crises like piracy, territorial disputes, and military interventions lead to increased disruptions of key shipping lanes. Specific issues include quadrupled freight rates due to Houthi attacks in the Red Sea, the blockade of vital grain shipments in the Black Sea, and China’s aggressive claims creating hazards in the South China Sea. Over 80% of global goods are transported by sea and it remains to be seen how traditional naval powers can collaborate against these threats. The future of global peace and prosperity hinges on how the world navigates these challenges.



Read more: Navigating Risks in International Shipping Lanes.