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Global shipping rates surge 12% amid Red Sea diversions·North Sea wind capacity hits record 18GW·IMO 2026 emissions targets under review·Rotterdam port authority unveils €2.4bn hydrogen terminal expansion·Global shipping rates surge 12% amid Red Sea diversions·North Sea wind capacity hits record 18GW·IMO 2026 emissions targets under review·Rotterdam port authority unveils €2.4bn hydrogen terminal expansion·
Global cargo shipping routes
Marine6 min read

Global Shipping Faces Structural Shift as Red Sea Diversions Reshape Trade Routes

Carriers are rerouting vessels around the Cape of Good Hope, adding 10–14 days to Asia-Europe voyages and driving freight rates to their highest levels since 2022. Industry analysts warn the disruption may outlast current geopolitical tensions.

Read full story 21 August 2026

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