Why global trade is broken and ‘shadow fleets’ are beating sanctions | On Air

The world’s oceans have become the new battlefield. Commercial shipping is caught in the middle, and the bill is just starting to come in.

Cargo and tanker vessels must now use Mad Max-style tactics and armed mercenaries for protection, blurring the line between combatant and civilian ships. Wars in Ukraine, Iran, and the wider Middle East are rewriting maritime treaties and rules.

Global shipping is being disrupted in unprecedented ways, driving up costs and exposing the fragility of energy supplies and food security, ultimately affecting consumers.

In this episode of On Air, Klara Syrewicz examines the growing militarization of commercial shipping from drone and missile attacks in the Red Sea and Black Sea to Somali piracy, private maritime security, and Russia’s shadow fleet. She exposes how current conflicts are becoming wars on commodities trading.

She also looks at how algorithmic hedge funds are hyping price volatility on commodities markets, creating humanitarian catastrophes.

And this week’s report looks at how Russia’s shadow fleet continues to evade sanctions and who in Europe may be profiting from it.

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