Event Summary
The shipping industry went through many challenges during the COVID-19 pandemic, but today vessels are facing new threats. Piracy by Houthi rebels in the Suez Canal are forcing ships to take a long and expensive detour via the Cape of Good Hope in South Africa. In addition, the drought in the Panama Canal is also causing delays and increased costs. With more than 80 percent of traded goods transported on water, how is the shipping industry doing today? What are the biggest challenges? How is it adjusting to the green energy transition?
Joining this episode of Trade Winds are:
HOST
Cecilia Malmström
Nonresident Senior Fellow, Peterson Institute for International Economics (PIIE)
GUESTS
Carl-Johan Hagman
President and CEO, NYK Group Europe Ltd.
Jan Hoffmann
Head, Trade Logistics Branch, United Nations Trade and Development
Video
Event Materials
Document
Presentation: Jan Hoffmann (351.54 KB)
Series
About This Series
Trade Winds explores the future of international trade—the challenges, possibilities, and where international efforts are headed—in a monthly virtual event series hosted by Cecilia Malmström. Join the discussion to learn from global policymakers, practitioners, business leaders from different sectors, experts, and more.