In my books, I highlighted how even a minor, seemingly insignificant event could cripple global maritime shipping. Well, not only did one of those events just happen, three did. We’re talking about a Russian cargo ship sinking, Israel targeting the Houthis in Yemen, and Finland impounding a Russian ship.
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#maritime #shipping #geopolitics
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So you've concluded the Houthis are just second rate Fremen?
US has no icebreakers.
Too bad. The world needs a reset.
right then; Roosians BAD! b c they drag anchors, cut cables; ok agreed… but then (( some one )) BLOWS up their gas pipe line to Germany… CRICKETs! really? the hypocracy stinks biggly..
I didn't believe a lot of the "Russia is weak and losing all over the place" rhetoric. Now you tell me that the Dollar Store Russians (the Fins) are impounding Russian ships. Oh damn, I think I could have been wrong.
man im hating all this delayed reporting. im unsubscribing for now until that changes.
Jetski option 4 Huti shipments?
Man, … New Zealand looks just amazing … this is another beautiful view❤
Rationality v Superstition
Another prediction which still has to come true
Hello from Sacramento California. I just found you. I subscribed. I like your style. I look forward to seeing more.
Does P Z ever toss in his 2 cents worth on the very ! dangerous Ukraine conflict ? this a WAR with extensive NATO forces there + the AMERICANs are throwing MISSLES into Russia , and Pooty has brot up use of nukes..hmmm has he re located to N Z …just in case ?? !
Hey Peter! Trump is your President! Ha ha ha.
Added to my DRC Club. Congratulations. NOT.
Thanks
Seems that restricting Russian ship movement is the next step after sanctions. It‘s not like Russia‘s the world‘s only supplier of oil and other resources, and be a negotiating point to end the war.
Collapse of "free" maritime shipping underwritten by stupid US taxpayers and corrupt DC politicians.
tradeclear AI fixes this. nor events cripple global shipping.
Is that why countries have been buying gold? Cause international trade is breaking down?
There are parallels with the situation before the 1st World War – a period of rapid globalization with sea lanes kept free and open by the British Navy – and the situation now.
Even during the 1st World War insurance rates were at 1% or less – but the period of globalization came to an end with the debts taken on by the European Powers during the 1st World War, reparations leading to the rise of Nazism in Germany, the 1929 Wall St crash and the later Smoot Hawley tariffs in the US each contributing to the Great Depression.
It all seems very familiar – we have a ra ra stock market, unsustainable debts, rising tariffs and the rise of authoritarian states engaged in or threatening war. It doesn’t repeat – but sometimes it rhymes.
FIVE cables!!
garbage
Peter is a lefty.
Peter also must have recorded this video before the Presidential election in November…
Another Special Operation in the Baltic rebounded disastrously. KGB incompetent?
If you're a supporter of Israeli genocide, should you also lose your visa?
I still find it odd how many people seem to think that condemning the killing of Palestinian children equals supporting Hamas.
I was born in Thames in 1965. I grew up in Coromandel Town. I enjoy your informative videos anyway.
I realize now Zeihan is preaching world order aligned with guys like Tony Blinken. Dude refuse’s to see the genius of bombastic American prowess.
It’s a pleasure to have you visit our country Peter!
Russian roll-off ship sank, Russian shadow tanker impounded, Israel may go after Iranian ships hauling weapons to Huthis: these are NOT cases of "states attacking the system."
This is states attacking the bad actors, the violators (Russia & Iran & Huthis), thus INCREASING STABILITY.
This is a pretty dumb take. Could shipping be affected by geopolitical events? Of course it could. Will it collapse? Of course not, it will adjust based on the current realities and challenges that shipping faces.
Sorry Peter, but as an engineer economist who works in transport planning, this is all wrong. The laws of physics dictate that humans use shipping for freight transport whenever possible. No other way is as cheap or efficient. Energy usage per tonne km for freight is: Ships 1 / Trains 10 /Trucks 20-30 / Aircraft 100. Could Russia disrupt shipping in some places? Yes? Could it disrupt shipping world wide? No. Could any one country stop all global shipping? No. It is too vast in scale and too easily moved to different routes of travel. Other countries would step up to protect shipping. India, Japan, Korea and even here in Australia we are building larger navies. Overall shipping is less than 20% of cost for most goods. Even if the price of shipping doubled, it would cause a one off increase in inflation (as it did in 2022) but industrial economies would not be stopped.
Especially Denmark and Europe are the owners of shipping and bunkering not just the morden ships but also the infrastructure needed to make it functional, if the USA as advertised becomes the enemy of Denmark and the EU we might even before an American attack stop supporting the US military, many of the few ships there is under American flag is supplying the US military and has to fly the US flag, but they are of course danish owned, they might leave the hostile country and fly the Danish flag, we hopefully will also stop supplying insulin to the USA which Denmark always has been leading in and other hormones and medicines, before it was expensive because of US laws, imperialism 💀 the US can’t refine their oil good luck with becoming the enemy of transportation
This guy is nuts. Russia has an extensive shipbuilding network and can produce anything they need. In fact, theybalways have. The soviet union built excellent ships and have a broad network of Maritime academis that produced competent and resilient officers. So much so that the industry has relied on them since the collapse of the soviet bloc. Now they are all retiring it is getting very hard to replace these skills and experience
You've said such nonsense about the Russians and Chinese before with no results.
White middle class women