Thẻ: Maritime economy

Iran’s Hormuz shipping disruptions raise risks for energy, fertilizers and vulnerable economies

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Global Agriculutre

13 March 2026, London: Military tensions in West Asia are beginning to disrupt maritime traffic through the Strait of Hormuz, raising serious concerns for global energy markets, fertilizer supplies and vulnerable economies. In a rapid assessment titled “Strait of Hormuz disruptions: Implications for global trade and development,” UN Trade and Development (UNCTAD) has highlighted the potential risks posed by interruptions in one of the world’s most critical trade corridors.

The Strait of Hormuz carries nearly one quarter of global seaborne oil trade, along with large volumes of liquefied natural gas and fertilizers. Any disruption in this narrow passage therefore has immediate consequences for global energy prices, maritime transport costs and agricultural input supply chains.

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China’s shipyard dominance leads to geoeconomic risks

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japantimes.co.jp 2025.07.02

China’s unparalleled shipbuilding capacity has the U.S., Japan and its allies — both military and economic — rightly concerned about maritime threats to trade and security.
Without a concerted effort and international cooperation to challenge Beijing’s commanding lead in the global shipbuilding industry, those threats will materialize furthering China’s alarming dominance.

According to 2024 data from the Chinese government, the country ranks first worldwide in ship completions, new orders and order backlogs — claiming global shares of 55.7%, 74.1% and 63.1%, respectively. China is also expanding its capabilities in high value-added vessels, surpassing South Korea and Japan, while consolidating its role as a “shipbuilding superpower.”

Shipbuilding is not merely an economic activity — it underpins both global trade and national defense. Civilian shipbuilding provides the foundation for training engineers and skilled workers essential to naval production. As such, the growth of China’s shipbuilding sector carries profound implications, not only for maritime commerce but also for the international security architecture.

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