The first lesson of commodity trading (also ecology): Humans are quite adaptable.
From EuroNews, May 11:
As tensions choke the Strait of Hormuz, Mediterranean Shipping Company races to keep global trade moving with new route.
Global container shipping giant, Mediterranean Shipping Company (MSC), has announced a new Europe-Red Sea-Middle East express service, linking key European ports with Saudi Arabia and other regional hubs.
The announcement comes as companies across global supply chains respond to surging demand and mounting disruption across Middle Eastern trade routes as a result of the US-Iran conflict.
MSC said its new service will offer faster, more efficient, multimodal alternatives in an increasingly volatile maritime landscape.
Ships sailing from the Baltic sea and across Europe will be directly connected to Jordan’s Aqaba, Saudi Arabia's King Abdullah Port and Jeddah via the Suez Canal....
....MUCH MORE
As we saw in 2022 when MSC surpassed Maersk as the largest container shipping line, different business models require different assets. French standard bearer CNA CGN rounds out the top three.
