🚢 🇺🇸 🌍 We got too accustomed to peaceful seas

Say goodbye to the global ‘conveyor belt’

🔶️ Such intensively globalized supply chains are a somewhat recent invention. There once was a time where you could not buy tangerines in Minneapolis in January or receive South Korean face wash through free, next-day shipping. Little, if anything, that we use or eat everyday did not spend some amount of time in a shipping container. “In 1956, the world was full of small manufacturers selling locally; by the end of the twentieth century, purely local markets for goods of any sort were few and far between,” wrote economist Marc Levinson in his seminal book “The Box.”

🔶️ It’s somewhat ahistorical that the world’s oceans have been relatively painless to navigate in the second half of the 20th century, permitting trade to flow around the world. That was not the case for much of human history. “Pirates, predatory states, and the fleets of great powers did as they pleased,” wrote Jerry Hendrix, senior fellow at the Sagamore Institute, in The Atlantic last year. “The current reality, which dates only to the end of World War II, makes possible the commercial shipping that handles more than 80% of all global trade by volume — oil and natural gas, grain and raw ores, manufactured goods of every kind.”

🔶️ Such peace can no longer be assumed. It’s unclear whether ongoing diversions from the Suez Canal will become the norm going forward, but it’s clear that things are shifting — and it’s not in the favor of frictionless trade or a U.S. hegemony.

🔶️ “It was almost like you had a conveyor belt from the shoe factory in Bangladesh to the shop in Chicago,” said Simon Sundboell, founder and CEO of Copenhagen-based maritime intelligence company eeSea. “That’s just not happening anymore. You’re in a world that’s going increasingly from American-controlled unipolar to multipolar globally. You’re going to have a much more fraught supply chain, and every BCO [beneficial cargo owner], importer, exporter, and logistics provider is going to have to deal with that going forward. The Houthis are just one step in that.”

https://freightwaves.com/news/we-got-too-accustomed-to-peaceful-seas

NEW - Hertz car rental giant to sell 20,000 EVs in shift back to gas-powered cars due to weak demand and high repair costs.

https://www.disclose.tv/id/ck3lb7jt0m/

@disclosetv

NEW - Klaus Schwab's World Economic Forum in Davos will discuss and prepare for "Disease X" which could be "20 times more deadly than the coronavirus pandemic."

@disclosetv

— 🇬🇧/🇺🇸 NEW: U.K. Prime Minister Rishi Sunak is currently in a full cabinet meeting, sources report that US-UK strikes against the Houthis in Yemen may be imminent - The Times

@Middle_East_Spectator

🛢 🇺🇸 🇮🇷 The tanker which the Iranians have boarded today in the Gulf of Oman is the ST NIKOLAS (9524475); carrying Iraqi oil. Formerly known as the SUEZ RAJAN; she was seized by the US government for having transported a million barrels of Iranian oil in connection to a US company.

📎 Tanker Trackers

📢 🇺🇸 🇾🇪 U.S. Officials have Confirmed the beginning of Airstrikes against Houthi Targets in Yemen.

@CIG_telegram

💥 🇾🇪 🇺🇸 Initial Reports of Houthi Forces in Western Yemen launching a Barrage of Anti-Ship Ballistic Missiles towards U.S. Naval Ships in the Red Sea.

NEW: China exports fall in 2023 for first time in seven years

READ: https://insiderpaper.com/china-exports-fall-in-2023-for-first-time-in-seven-years/

Follow @InsiderPaper for more news