95% of container ships that would’ve transited the Red Sea are now going around the Southern Tip of Africa as of this morning. The ships diverting from their ordinary course are marked orange on the @flexport map below.
The situation where all naval shipping between China and Europe is blocked is literally what the Belt and Road Initiative was made for (land trade route from China to Europe)
The situation where all naval shipping between China and Europe is blocked is literally what the Belt and Road Initiative was made for (land trade route from China to Europe)
China has planned exactly for this situation