Global Sea Transport Leaps Most Since 2010 After Attacks
Published: July 1, 2024
The increase in global sea transport this year is due to geopolitical disruptions in the Middle East and Europe, particularly attacks in the Red Sea that have forced ships to take longer routes. As vessels reroute thousands of miles around the Horn of Africa to avoid these risky areas, the total distance sailed, measured in ton miles, is expected to increase by 5.1% compared to last year. This rise in shipping activity will also impact global efforts to reduce carbon emissions as longer distances result in higher fuel consumption.
Expert Opinion: The current situation in global sea transport highlights the vulnerability of supply chains to geopolitical events and the importance of having contingency plans in place to mitigate disruptions. The need for vessels to take longer routes not only affects efficiency but also poses challenges in meeting environmental sustainability goals. It underscores the need for the transportation industry to continually adapt and innovate in response to changing conditions to ensure smooth operations while minimizing negative impacts on the environment.