Is the global maritime order breaking down?

A coalition of seafaring nations is sounding the alarm about the potential breakdown of international maritime rules due to the ongoing Iran conflict and the emergence of shadow fleets. This situation raises concerns over global navigation security and regulatory compliance, potentially leading to a chaotic and less predictable maritime environment. The implications are significant as global trade heavily relies on stable and secure shipping routes, and any disruption could have far-reaching economic and geopolitical consequences. For more details, check out the full article on Financial Times.