RISK is the ‘new normal’ for the global ocean shipping industry that handles 80 per cent of global trade as pressure from geopolitical tensions, rising protectionism and climate change mounts. ‘There are going to be global tensions, and I think global dangers, at a level we haven’t seen since the end of World War II,’ former U.S. Defence Secretary Robert Gates said at the opening of S&P Global’s TPM24 container shipping conference in Long Beach, California. Houthi missile and drone attacks on...