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Pirates of the Red Sea

Today, Explained

The Fragility of the Shipping Industry and its Impact on the Global Economy

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This chapter highlights recent reminders of the shipping industry's fragility, such as the Ever Given incident in the Suez Canal and shipping disruptions in the war in Ukraine. It discusses current disruptions caused by the blockage in the Suez Canal, reduced capacity in the Panama Canal, the war in the Middle East, and the effects of climate change in Central America, emphasizing their impacts on the global supply chain.

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