Reported 4 months ago
The article discusses how risks in the maritime industry are evolving rapidly, with challenges like Red Sea diversions and the growth of Russia's "shadow fleet" impacting global shipping. Conflicts in regions like Gaza and Ukraine are reshaping global shipping, leading to increased piracy risks. Concerns also include adverse weather conditions, congested waters, and cyberattacks on vessels' navigation systems. These evolving risks are altering trade routes and impacting the safety of seafarers and the environment, with potential economic implications for global GDP growth and inflation.
Source: YAHOO