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 […] The post How three global crises are reshaping world shipping appeared first on Container News .