Maritime trade: two bottlenecks with influence
International trade drives the global economy and is responsible for around 80 % of global goods transport by sea. Access to the two most important canals, the Panama and Suez Canals, is fundamental for uninterrupted supply chains and therefore also for economic growth. Current disruptions show the vulnerability of these important shipping routes. Suez Canal The French Compagnie Universelle du Canal Maritime de Suez completed this shipping link in 1869. It connects the Mediterranean with the Red Sea and became the fastest and most economical route between Europe and Asia. Around 30 % of global container traffic, i.e. up to 15 % of global trade, passes through this waterway and generates...
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