GEOPOLITICAL RISKS IN MARITIME SHIPPING: CHALLENGES AND STRATEGIC ADAPTATIONS FOR PRIMARY CHOKEPOINTS

Povzetek

Sea lanes account for more than three quarters of the global maritime trade routes in volume. These maritime trade routes, which are the critical arteries of global trade and commerce, face significant disruptions due to geopolitical tensions. The increasing geopolitical tension threatens the stability and efficiency of these shipping routes, ultimately leading to considerable disruptions in the global supply chain. The primary aim of this article is to discuss the challenges stemming from the current geopolitical risks, including trends of disruptions, showing their dependency and a risk mapping analysis of the chokepoints. It also explores the strategies adopted by nations, businesses and international organizations to attenuate these challenges and address potential future challenges. This paper recommends more effort on the diplomatic front and developing supplementary trade routes apart from alternative trade routes. IMO should work towards liaising closely with all key stakeholders in the conflict-stricken maritime routes to enable the safe and secure transit of seafarers and shipping. A comprehensive understanding of the implications of geopolitical tensions enables policymakers, businesses and international organizations to anticipate risks and devise strategies to ensure the continuity of global trade.