Global shipping rules are collapsing, say maritime nations

Maritime nations are expressing deep concern over the erosion of global shipping rules, citing conflicts and an expanding shadow fleet as key factors driving this "structural shift" in global trade. This shift threatens to undermine international maritime regulations, potentially leading to more chaotic and less predictable shipping routes. The implications could be significant, affecting everything from supply chain stability to environmental standards, underscoring the urgent need for collaborative efforts to reinforce these rules. For the latest details, check out the full article.