Forwarded from /CIG/ Telegram | Counter Intelligence Global (FRANCISCVS)
🇷🇺 🇾🇪 🚢 "Everything considering global choke points should worry us. Right now, Russia‘s partial blockade of Black Sea (global choke point for food) and the Red Sea with Bab Al Mandab considering the escalation by Iran-backed Houthis must be on your watch if you deal with risks."
📎 vtchakarova
📎 vtchakarova
Forwarded from /CIG/ Telegram | Counter Intelligence Global (FRANCISCVS)
📢 🇵🇭 🇨🇳 Philippine defense chief: Beijing is “converting the South China Sea into a lake of China.”
https://globalnation.inquirer.net/224375/china-is-converting-south-china-sea-into-a-lake-of-china-says-teodoro
https://globalnation.inquirer.net/224375/china-is-converting-south-china-sea-into-a-lake-of-china-says-teodoro
INQUIRER.NET
China is ‘converting South China Sea into a lake of China,’ says Teodoro
MANILA, Philippines — Defense chief Gilberto Teodoro on Friday said China is attempting to convert the entire China sea into its own lake.
Forwarded from JOIN @MEDMANNEWS
⚡🇾🇪 Following Maersk, Hapag-Lloyd Shipping Company has stated that it will suspend all travel of it's commerical freighters through the Red Sea for the next three days, as they're examining whether to suspend it for the foreseeable future or not, as no final decision has been made.
This company is the 5th largest shipping company in the world.
@themediterraneanman
This company is the 5th largest shipping company in the world.
@themediterraneanman
Forwarded from /CIG/ Telegram | Counter Intelligence Global (FRANCISCVS)
🚢 🌍 🇺🇸 "We shared this slide yesterday, but here are some (very basic) routing options from Asia to the USEC."
📎 Nathan Strang
📎 Nathan Strang
Forwarded from /CIG/ Telegram | Counter Intelligence Global (FRANCISCVS)
🇵🇦 🚢 Over in the western hemisphere, meanwhile, the volume of ships willing to wait for the severely restricted Panama Canal has plummeted in recent weeks. Drought has forced the Panama Canal Authority (ACP) to slash transits leading to a huge migration of ships transiting via other longer routes, something that is now about to play out in a large way at the Suez.
https://splash247.com/red-sea-traffic-comes-to-a-halt-for-many-seeking-naval-assistance/
https://splash247.com/red-sea-traffic-comes-to-a-halt-for-many-seeking-naval-assistance/
Splash247
Red Sea traffic comes to a halt for many seeking naval assistance - Splash247
Shipping is in crisis with its two most famous canals crippled, one by the climate crisis and the other by war. Maersk and other containerlines said they are putting all ships on hold from transiting through the Red Sea after vessels have been attacked by…
Forwarded from Dissident Thoughts
The Red Sea is the eastern funnel into the Suez Cannel, and accounts for about 22% of the international container trade and about 10% of the global oil trade.
That Maersk is pausing all Red Sea voyages is significant because they operate 15.3% of the global container ship fleet, taking second place after the Mediterranean Shipping Company (MSC), controlling 18.6%.
"Following the near-miss incident involving Maersk Gibraltar yesterday and yet another attack on a container vessel today, we have instructed all Maersk vessels in the area bound to pass through the Bab al-Mandab Strait to pause their journey until further notice", a Maersk spokesman was cited as saying.
The attacks appear to have escalated in the past several days with the ships’ connections to Israel appearing to be less direct. That suggests risks are widening beyond the Israeli theater. At least three container ships have been attacked or disrupted near Yemen in the past day or so.
If this materializes into closures at Suez Cannel, etc., oil is extremely mispriced. Also note that container ships, particularly those passing through geopolitical flashpoints like the Suez Canal, are subject to steep insurance premiums, which the shipping company then passes down to the consumer (an example of supply-side inflation, not really seen since COVID).
“Some war-risks insurers are in the process of applying higher additional premiums for the already listed high-risk area in the Red Sea,” said Despina Kalfa, general manager at the Greek branch of Aries Marine Insurance Brokers Ltd. Others are applying additional terms or even not offering cover where Israeli interests are involved.
That Maersk is pausing all Red Sea voyages is significant because they operate 15.3% of the global container ship fleet, taking second place after the Mediterranean Shipping Company (MSC), controlling 18.6%.
"Following the near-miss incident involving Maersk Gibraltar yesterday and yet another attack on a container vessel today, we have instructed all Maersk vessels in the area bound to pass through the Bab al-Mandab Strait to pause their journey until further notice", a Maersk spokesman was cited as saying.
The attacks appear to have escalated in the past several days with the ships’ connections to Israel appearing to be less direct. That suggests risks are widening beyond the Israeli theater. At least three container ships have been attacked or disrupted near Yemen in the past day or so.
If this materializes into closures at Suez Cannel, etc., oil is extremely mispriced. Also note that container ships, particularly those passing through geopolitical flashpoints like the Suez Canal, are subject to steep insurance premiums, which the shipping company then passes down to the consumer (an example of supply-side inflation, not really seen since COVID).
“Some war-risks insurers are in the process of applying higher additional premiums for the already listed high-risk area in the Red Sea,” said Despina Kalfa, general manager at the Greek branch of Aries Marine Insurance Brokers Ltd. Others are applying additional terms or even not offering cover where Israeli interests are involved.
Forwarded from /CIG/ Telegram | Counter Intelligence Global (FRANCISCVS)
📖 🚢 'Consider those big, fat, slow ships.'
📝 Excerpt from Peter Zeihan's The End of the World Is Just the Beginning: Mapping the Collapse of Globalization
"Quick war story, in this case, the Iran-Iraq War of the 1980s: By 1983 the conflict had reached a stalemate, inducing both countries to fling missiles at one another’s shipping in attempts to strangle their opponent economically. Altogether some three hundred vessels were struck. About fifty were disabled, and a dozen sunk.Compared to the size of global shipping at the time, it was barely a footnote.
But that handful of events nearly destroyed the
global . . . insurance sector
Imagine if a similar event were to occur today"
📝 Excerpt from Peter Zeihan's The End of the World Is Just the Beginning: Mapping the Collapse of Globalization
"Quick war story, in this case, the Iran-Iraq War of the 1980s: By 1983 the conflict had reached a stalemate, inducing both countries to fling missiles at one another’s shipping in attempts to strangle their opponent economically. Altogether some three hundred vessels were struck. About fifty were disabled, and a dozen sunk.Compared to the size of global shipping at the time, it was barely a footnote.
But that handful of events nearly destroyed the
global . . . insurance sector
Imagine if a similar event were to occur today"
Forwarded from /CIG/ Telegram | Counter Intelligence Global (FRANCISCVS)
🚢 🇪🇬 🌍 "By avoiding the Suez, this will force nations to react, not the least of which, Egypt which will be losing tolls from the canal."
🔶️ All of this goes to the point of showing how global shipping is impacting not just the economics of the world, but also the politics.
🔶️ What political and military decisions are made with regards to the free transit of ships through the region will have lasting impact.
https://www.iss-shipping.com/suez-canal-authority-to-increase-transit-fees-by-5-15-from-2024/
📎 Sal Mercogliano
🔶️ All of this goes to the point of showing how global shipping is impacting not just the economics of the world, but also the politics.
🔶️ What political and military decisions are made with regards to the free transit of ships through the region will have lasting impact.
https://www.iss-shipping.com/suez-canal-authority-to-increase-transit-fees-by-5-15-from-2024/
📎 Sal Mercogliano
Forwarded from /CIG/ Telegram | Counter Intelligence Global (FRANCISCVS)
🇺🇸 Congress approves bill barring any president from unilaterally withdrawing from NATO
https://thehill.com/homenews/4360407-congress-approves-bill-barring-president-withdrawing-nato/
https://thehill.com/homenews/4360407-congress-approves-bill-barring-president-withdrawing-nato/
The Hill
Congress approves bill barring any president from unilaterally withdrawing from NATO
Congress has approved legislation that would prevent any president from withdrawing the United States from NATO without approval from the Senate or an Act of Congress. The measure, spearheade…
Forwarded from /CIG/ Telegram | Counter Intelligence Global (FRANCISCVS)
🚢 🇵🇦 🌎The low water in the Panama Canal is reducing the number of transits in half.
🔶️ Two of the major three container alliances had announced a diversion from Asia to the US East Coast by shifting their ships from Panama to the Suez.
📎 Sal Mercogliano
🔶️ Two of the major three container alliances had announced a diversion from Asia to the US East Coast by shifting their ships from Panama to the Suez.
📎 Sal Mercogliano
Forwarded from /CIG/ Telegram | Counter Intelligence Global (FRANCISCVS)
🔋 ⛏️🚗 Visualizing the World’s Largest Lithium Producers
https://elements.visualcapitalist.com/visualizing-the-worlds-largest-lithium-producers/
https://elements.visualcapitalist.com/visualizing-the-worlds-largest-lithium-producers/
— This is likely one of the largest solar radio events ever recorded.
Radio communication interference with aircraft were reported by multiple NWS Center Weather Service Units (CWSU) co-located at FAA facilities. "
Link
https://archive.is/wip/cELis
🔗 NOAA Space Weather (@NWSSWPC)
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Forwarded from JOIN @MEDMANNEWS
⚡️🇪🇬 Regarding Egypt and the shenanigans occurring at the mouth of the Red Sea.
Comparing the figures regarding the Suez Canal in November and in December, things are not looking too good.
In November of 2023, 2,264 vessels passed through the Suez Canal, while in October, 2,345 passed, that means a decrease of over 81 ships, and in terms of revenue, the revenues in November amounted to 854.7 Million US dollars, while the revenues in October amounted to 880.1 Million US dollars, a decrease of over 3% and 25.4 million US dollars less compared to the previous month.
To the blind man, it is obvious that the losses recorded in December will be much more severe than the decrease noted in November, and that, is bad news, because the Suez Canal is practically a main life artery for the Arab Republic of Egypt, economically speaking, as the 10 billion US dollars or so gained from the Suez Canal is one of the few reliable methods of gaining hard, foreign currency.
Egypt militarily did not involve itself much in the war in Yemen, our only real action was back at 2015, when the Egyptian navy bombarded Yemen after the Houthis ominously stated that they had Anti-Ship missiles and were capable of using them, since then, we have barely involved ourselves in the conflict, and we always kept pushing for peace and reconciliation, as war, contrary to popular belief, is bad for business in this specific case.
@themediterraneanman
Comparing the figures regarding the Suez Canal in November and in December, things are not looking too good.
In November of 2023, 2,264 vessels passed through the Suez Canal, while in October, 2,345 passed, that means a decrease of over 81 ships, and in terms of revenue, the revenues in November amounted to 854.7 Million US dollars, while the revenues in October amounted to 880.1 Million US dollars, a decrease of over 3% and 25.4 million US dollars less compared to the previous month.
To the blind man, it is obvious that the losses recorded in December will be much more severe than the decrease noted in November, and that, is bad news, because the Suez Canal is practically a main life artery for the Arab Republic of Egypt, economically speaking, as the 10 billion US dollars or so gained from the Suez Canal is one of the few reliable methods of gaining hard, foreign currency.
Egypt militarily did not involve itself much in the war in Yemen, our only real action was back at 2015, when the Egyptian navy bombarded Yemen after the Houthis ominously stated that they had Anti-Ship missiles and were capable of using them, since then, we have barely involved ourselves in the conflict, and we always kept pushing for peace and reconciliation, as war, contrary to popular belief, is bad for business in this specific case.
@themediterraneanman