The current state of global shipping and maritime affairs

The global shipping and maritime arena is undergoing a period of change and upheaval. This includes Iranian aggression and Houthi piracy, conflict in the Black Sea, maritime border disputes over energy deposits in the Mediterranean Sea, tensions in the South China Sea, Russian and Iranian shadow ships, drought in the Panama Canal, and new emissions standards for vessels, all of which are hindering global trade while adding to the cost of energy transit and insurance. This article provides a brief overview of these emerging challenges, examines the connections between them, and points to steps the global community must take to […]