Impact of the Panama & Suez Canals on Global Shipping | WGOW Shipping on Freightwaves TV Roundtable

Insurance might increase a cost but it's just one cost. Diversion cuts a percentage of revenue by making things take longer and normally revenue is more than all costs combined. That makes diversion way down the list in responses.

Why do we allow yemen to hold the world to ransom?

Great interview Sal! I am a big fan and listed your YouTube channel as one of my top influencers in my second article on Substack. Your audience might appreciate The X Project's Substack, which is knowledge and learning at the intersection of economics, geopolitics, money, interest rates, debts, deficits, energy, commodities, demographics, and markets – helping you know what you need to know.

Thanks for the important and accurate reporting.

Conveniently left out the US involvement in Yemen's "civil war" which is really just a proxy war that uses Saudi Arabia to do it's fighting. We even have or had US troops in Yemen. This is just one of six countries we are at war with and that we have used sanctions against. Getting pretty tired of this out of context reporting when anyone paying attention even poorly knows the big prize is Iran and that people in DC are salivating over the idea of running rough shod over the entire middle east.
The American people deserve the truth as well as the history of our own foreign policy, that is if it actually IS our foreign policy. All I know is this world just keeps getting crazier every day as we continue to lose our civil liberties and continue to rubble and sanction poor countries. Sanctions only kill poor folks. There are no billionaires dying in these preemptive(illegal) wars. All the spoils are going to the same usual suspects who demand the entire world bow to their racketeering.

The ships need to fly Chinese or Soviet flags…. 🤷🏼‍♂️

I must say, your coverage of the situation, which is to say the least, fluid, is top class.
An unlikely place to spark a WW, but as likely a place as any other candidate.
The worlds media tells us where to look ,but I fear we may never see the next one coming, But you can be certain, it is coming.

Is there a reason why ships dont turn off their AIS in the Mediterranean and then turn it back on in the Arabian Sea?
Or have the ships temporarily registered broadly under a UN designation?
Why give the houthis/iranians the location of the ships?
Is it a safety issue between ships, an insurance requirement?
This doesnt seem like the geopolitical/military situation is about to tone down anytime soon.

The so-called "legitimate, recognized government" from the perspective of Western governments is just the Saudi-imposed puppet govt. That govt. did not exist until the Saudis created it, using a hated and deposed dictator as the puppet-head.

The legitimately Yemeni government is not the tool/creation of the Saudis, but is genuinely Yemeni. Ansarallah (aka "the Houthis) is a part of that Yemeni govt. As to the shipping interdiction, good to remember that it is a direct reaction to the blockading of food and medicine going into Gaza by the Israelis. As soon as that blockade is lifted, the shipping interdiction will end (according to the Yemeni government).

Geography! To few people understand it!

Am I the only one that thinks offloading these ships on the west coast then putting the cans on rail is the logical solution for this problem? At least a good percentage of the cargo?