Splash Wrap: The detour economy

AI Summary

Shipping industry is increasingly impacted by war, drought, and unreliable infrastructure, leading to longer and more complex maritime detours, extending voyages by thousands of miles.

Shipping has always made money from distance. Increasingly, it is also having to make peace with detours. The defining theme of the week was an industry being forced to find another way around war, drought and infrastructure that can no longer be relied upon. Sometimes the detour means sailing thousands of extra miles. Sometimes it …