This Is Not A Drill with Gavin Esler
Dangerous Waters – How the world shipping system became a new battleground
Apr 3, 2024
Elisabeth Braw discusses Houthi attacks on global shipping, highlighting the Red Sea crisis's impact on supply chains. The podcast explores the rise of dark fleets, asymmetric warfare risks, and the need for systemic reform in maritime affairs. It delves into global rule-breaking, challenges to trade routes, and the economic implications of a Taiwan conflict on sea-based trade.
42:50
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Quick takeaways
- Houthi attacks in the Red Sea highlight the vulnerability of global supply chains to asymmetrical warfare.
- Surplus shipping capacity post-COVID mitigates immediate disruptions but rerouting shipping around the Cape of Good Hope slows transport.
Deep dives
Operation Prosperity Guardian and Disruption in Global Trade Routes
Operation Prosperity Guardian has been initiated in response to the attacks on ships in the Red Sea by the Yemeni Houthi militia, aiming to degrade the Houthis' offensive capabilities and secure the shipping route. Despite the attacks risking lives and causing economic disruption, the shipping industry has managed to circumvent major disruptions due to surplus shipping capacity post-COVID. The attacks highlight the asymmetrical warfare capabilities demonstrated by the Houthis with technology from Iran, posing new challenges and testing defense systems against land-based anti-ship missiles.
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