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Global Shipping Authorities Warn of Trade Collapse
Marine navigation authorities in 18 countries have warned that geopolitical disruptions and sanction-evasion networks threaten to tear apart global maritime trade, which accounts for over 80% of international commerce. The warnings come amid escalating conflicts such as the U.S.-Iran war and unrest in the Strait of Hormuz. They emphasized that the surge in activity within the shadow fleet, consisting of hundreds of unregulated vessels, promotes a dual-standard shipping system—one transparent and the other high-risk—posing a risk to the stability of global supply chains and increasing costs for companies and consumers. The authorities called for enhanced international coordination and the adoption of unified standards to protect vital waterways and ensure global economic stability.
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