This article is useful for understanding how the global shipping trades are behaving now.
Apparently many operators of ships are willing to participate in trade with the Russia and China bloc. These often are smaller, older vessels, which are chartered specifically to avoid the sanctions regimes put forth by the EU and the US.
We don’t know where this will go. But it’s pretty certain the trend will continue for quite a while, and we may find that global ocean trade will continue to differentiate into two segments.
Greg Miller·Friday, April 07, 2023China-Russia vs. US-EU: How global shipping is slowly splitting in two