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Date: 30/05/2025

Volatile geopolitical landscape raising risks for world shipping

The fast-changing geopolitical landscape is creating new risks and challenges for a shipping industry already juggling the energy transition and the legacy of the Covid-19 pandemic, according to Allianz Commercial’s Safety and Shipping Review. The industry faces an increasingly volatile and complex operating environment, marked by attacks against shipping, vessel detentions, sanctions, as well as the fall-out from incidents involving damage to critical sub-sea cables.

Furthermore, the ripple effect of increasing protectionism and tariffs threatens to remake supply chains and shake up established trade relations. Given that 90% of international trade is transported across oceans, these developments are concerning, said a report.

Source: Exim News Service: Singapore, May 29