The flow of trade will always find a way to circumvent risk. It has to. Trade at rest is not making money. The freedom of navigation lifts the global economy. It also comes with massive risk that in the end governments and industry pay for.
The waterway superhighway has been altered many, many times to ensure freight arrives at its final destination as safely and with as much certainty as possible. This year, the most obvious challenge is the Red Sea diversions. The safety of seafarers is the...