#global-shipping

#global-shipping

We have not seen the oceans this turbulent and dangerous since when countries met to establish rules decades ago. Shipping has been a dangerous endeavor, subject to piracy and sea banditry.

Washington and its allies accused Beijing of detaining and holding up Panama-linked ships, claiming China's actions were a blatant attempt to politicise maritime trade.

Under the current ceasefire, fewer than 15 ships per day are permitted to transit the Strait of Hormuz. This movement is strictly contingent upon Iran's approval and the enforcement of a specific protocol.

The Houthi attacks on Red Sea shipping that began in late 2023 never really ended. Even after tentative ceasefire arrangements in 2025, traffic through the Red Sea and Suez Canal remained structurally depressed.