High Seas Troubles Affect Global Supply Chains, Part One: Security Risks
Enterra Insights
FEBRUARY 20, 2024
As a result, piracy activity dramatically decreased by 75 percent between 2010 and 2022. Customers of maritime shipping firms not only want to protect their goods they also want to avoid higher insurance and additional shipping surcharges for cargo transiting the Red Sea. billion to upwards of $8 billion a year.”[1]
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