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Carrying about 90% of trade, maritime shipping and the waterways they pass through are vital to the global economy, with various narrow straits and canals having major impacts. So where are these chokepoints on global trade and why are they so important?
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1 – https://www.ics-shipping.org/shipping-fact/shipping-and-world-trade-world-seaborne-trade/
2 – https://www.oecd.org/ocean/topics/ocean-shipping/
3 – https://pancanal.com/wp-content/uploads/2023/02/Informe-2022-Eng.pdf
4 – https://fortune.com/2024/01/02/panama-canal-shipping-bottleneck-cargo-climate-drought/
5 – https://pancanal.com/en/panama-canal-to-increase-daily-transits-to-24-starting-in-january/
6 – https://pancanal.com/en/how-the-panama-canal-is-addressing-the-issue-of-water-head-on/
7 – https://www.ft.com/content/0dda1cb4-0400-447e-a260-97d90cbfa41d
8 – https://www.nytimes.com/2023/11/01/business/economy/panama-canal-drought-shipping.html
9 – https://www.marinelink.com/news/ship-traffic-suez-canal-down-due-houthi-510564
10 – https://www.ics-shipping.org/statement/international-chamber-of-shipping-statement-on-the-red-sea-ship-attacks/
11 – https://www.bloomberg.com/news/articles/2024-01-05/what-houthi-red-sea-attacks-mean-for-global-trade-oil-prices
12 – https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/010224-shippers-remain-wary-of-red-sea-transit-as-regional-tensions-rise
13 – https://www.imo.org/en/MediaCentre/Pages/WhatsNew-2023.aspx
14 – https://www.reuters.com/world/middle-east/maersk-diverts-vessels-away-red-sea-for-foreseeable-future-2024-01-05/
15 – https://www.theguardian.com/world/2024/jan/03/what-is-the-red-sea-crisis-and-what-does-it-mean-for-global-trade
16 – https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry
17 – https://www.businessinsider.com/inflation-economy-red-sea-israel-gaza-war-iran-suez-canal-2024-1?r=US&IR=T
18 – https://www.eia.gov/todayinenergy/detail.php?id=61002
19 – https://www.reuters.com/business/energy/strait-hormuz-worlds-most-important-oil-artery-2023-10-20/
20 – https://www.crisisgroup.org/trigger-list/iran-us-trigger-list/flashpoints/hormuz
21 – https://www.ismworld.org/supply-management-news-and-reports/news-publications/inside-supply-management-magazine/blog/2023/2023-11/the-strait-of-malaccas-global-supply-chain-implications/
00:00 Introduction
00:53 The Panama Canal
02:36 The Red Sea
04:39 The Strait of Hormuz
05:48 The Malacca Strait
07:18 Brilliant