Russia diverted LNG cargoes to China via Cape of Good Hope to avoid Houthi attacks in the Red Sea. The Suez canal route is risky, so they are taking an extended route around Africa, adding 10 days to the journey. Insurance premiums for ships are also increasing due to the conflict.
Former revenue dept official claims the Indian Government brought Rs 30 lakh cash in trunk boxes and handed over it as compensation to the people in return for acquiring their lands.
The United States has long taken for granted the security and effectiveness of shipping lanes. Americans count on them to fill store shelves with products around the world, while not giving how they get there a second thought. Now security concerns in the Red Sea and drought induced capacity constraints limiting the Panama Canal are forcing shippers to reroute, resulting in delays and higher shipping costs. This occurs in the backdrop of tensions in the Turkish Straits and the South China Sea with polar routes getting more attention. What actions should the United States be taking to ensure that supply chain resilience rests on the foundation of secure shipping corridors? Wilson Center experts weigh in.