a$2 trillion doll Reckoning is on the horizon AS Global ports become Pawns in geopolitics the entry points to International Trade must undergo expensive renovations to adapt to the new age of competition Automation and renewable energy take a look at our next report for more on this throughout history the control of major shipping hubs has played a crucial role in the expansion of Empires the initiation and resolution of conflicts the acquisition of cheap labor and Wealthy consumers in farway markets by multinational corporations Maritime ports have come a long way from their humble beginnings as Naval bases
and trading posts today they play an essential role in the world's energy flows serve as hubs for infrastructure like power stations and Rail lines and are home to industrial production warehousing and distribution in the great power rivalries of a multi polar World economic strongholds are both traditional and cause a renewed risk to new Seaborn Commerce gateways which handle 80% of the globe's $25 trillion in yearly Goods trade they are currently faced with the daunting task of transitioning to digital Technologies Automation and green energy this would need a substantial expenditure of €200 billion e or $216
billion a year or two trillion EUR in the next decade global economic upheaval and Rising geopolitical tensions are reshaping Maritime ports Chinese president XI jining said that the country must first build ports as the first step towards National wealth being a maritime Juggernaut is an essential Cog in China's wheel of globalization according to ly's lists most recent rating seven of the world's 10 largest container ports are located in China whereas neither Europe nor the Americas have any competitors are worried about a fresh round of job losses caused by China's meteoric rise in the world's largest
automobile exporter position shenzen Port will amplify their worries previously unless something went wrong the public didn't really notice how ports worked when everything was well while there has been an emphasis on privatization efficiency gains at the expense of environmental considerations the tensions in the Red Sea have changed that underscoring the vulnerability of the world sea linges Isaac Cardone senior fellow for Chinese studies at the Washington based Cary Endowment for International Peace said a tiny little rag tag band of insurgents the houthis are slogging it out with the US Navy for practically a year protection and
security are the watch words now the shipping industry is in transition phase as geopolitics dictates terms of the trade Business Bureau Von world is one for latest news download the Von app And subscribe to our YouTube channel
