A convergence of geopolitical attacks, massive overcapacity, and climate mandates is forcing the US$14 trillion maritime industry into its biggest transformation since containerization.
Since November 2023, Houthi attacks have forced his usual Red Sea route around Africa’s Cape of Good Hope, adding two weeks and US$1 million in fuel costs to each voyage. This reflects a perfect storm engulfing the $14 trillion global shipping industry, which carries 90% of world trade.
Three simultaneous crises, geopolitical chokepoint attacks, structural overcapacity, and accelerated decarbonization mandates, are converging to create what analysts call the industry’s biggest disruption since the advent of containerization in the 1960s.
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