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SHIPPING INDUSTRY

Container ship navigating rough seas at dusk under dark clouds, with waves and low light creating a tense maritime atmosphere

The end of free navigation

From the pandemic to the Black Sea, the Red Sea, and now the Strait of Hormuz, the sea is no longer the stable space of circulation that global trade once took for granted

View from the bow of a ship at night under a starry sky, calm sea and distant horizon visible

Easter through the seaman’s eyes

An seafarer reflects on Easter ashore while crews navigate tension near the Strait of Hormuz, capturing the weight of responsibility, memory, and concern that never leaves those who have stood watch at sea

Large container ship loaded with multicolored containers escorted by a tugboat at sea, illustrating global container shipping operations amid industry overcapacity and market pressure

Container shipping crisis: The reckoning arrives

Global container carriers face unprecedented profit collapse in Q3 2025, with earnings plummeting 55–89% despite record cargo volumes. The container shipping crisis reveals fundamental market dysfunction driven by overcapacity, tariff disruption, and structural demand weakness extending through 2026

Aerial view of a large container ship moored at Lekki Deep Sea Port, Nigeria, with cranes and tugboats in operation

The West African seaboard: A new global nexus emerges

West Africa’s coastal nations are rapidly transforming into a pivotal global maritime hub, attracting unprecedented investment and redefining international trade routes with strategic port developments. Its growth trajectory is undeniable

Container port at sunset with cranes and stacked shipping containers along the waterfront

Container shipping rates crash back to pre-crisis levels

Container shipping rates have collapsed to December 2023 levels, erasing two years of crisis-driven gains as carriers face mounting overcapacity, tariff pressures, and a record orderbook threatening further market deterioration