Abbreviated Pundit Roundup: Strangers and others

We begin today with Caroline Houck of Vox describing a number of problems affecting the global shipping industry.

The Baltimore incident encapsulates one thing really well: just how globalized the shipping industry is. The Dali was a Singapore-flagged ship, with an all Indian-nationality crew, operated by the Danish company Maersk and on its way to Sri Lanka. (Thankfully, there were no injuries reported among the crew of the ship.)

This degree of interconnectedness — and how fragile it all is — probably feels familiar by now. Remember the wide swath of consumer goods that were subjected to back orders and shortages in 2021 as the global supply chain fell victim to a series of interconnected problems, including (but definitely not limited to) issues with container ships and ports?

[...]

Low water levels in Panama — the result of a prolonged drought that began in early 2023 — forced canal officials late last year to cut the number of ships that pass through each day from the normal 38 to just 24. That’s left some ships stranded for more than two weeks, and others taking costly roundabout routes; major shipping companies are even switching some freight to railroad “land bridges” across parts of the country.

And in the Red Sea, the Houthis, a Yemen-based rebel group that controls much of the country’s north, have been waging an increasingly serious campaign of attacks against shipping, purportedly in protest of Israel’s war in Gaza. Ships are rerouting here, too, this time around the Horn of Africa, or facing the risk at added cost. At the start of this month, the Houthis sank a ship. And while the group is reportedly allowing safe passage to some ships — those affiliated with Russia and China — that’s not necessarily a foolproof guarantee.