Ships handle more than 80% of global goods, according to the U.N.Not long ago, the world’s most powerful navies cooperated to secure the seas. Other bulk carriers and cargo ships are simply turning off their transponders as they pass through. “We really have to think about freedom of navigation and the connection between that and global trade," said Swedish Foreign Minister Tobias Billström. “As a nation very much dependent on global trade, we believe that global trade is the way forward," he said. “Without global trade, and the possibility of maintaining the benefits of global trade, this world would be a much more difficult one for us to live in."

Source: Wall Street Journal February 01, 2024 09:49 UTC