Double Whammy on Global Shipping | Business and Finance News

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Recorded19 Aug 2026

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Global shipping is in chaos as two major chokepoints—the Red Sea and Strait of Hormuz—are simultaneously disrupted, forcing ships to detour around the Cape of Good Hope, adding three weeks to transit times and skyrocketing costs. Insurance premiums have jumped from 0.6% to 2%, and ports are overwhelmed with traffic they’re not built to handle. The real problem? Companies are reacting to isolated crises instead of addressing the bigger drivers: climate change and geopolitics. Even new routes like the Arctic’s Northern Sea Route come with their own risks—Russia controls access and icebreaker support. True resilience means mapping the entire supply chain, not just diversifying suppliers, because even alternatives often rely on the same vulnerable corridors. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f2ffe9e3100450e3

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