Tag: commercial ships
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China’s Shipbuilding Industry Surpasses US, Dominating Global Market and Expanding Military Capabilities
China’s shipbuilding industry has significantly outpaced that of the United States, becoming the dominant force in global shipbuilding. With over half of the world’s commercial shipbuilding output in 2023 coming from China, the country has leveraged its massive shipyards and substantial financial investments to expand its naval capabilities and commercial ship production. This growth has…
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Exploring the Threats to Global Trade in the Red Sea Amid Houthi Attacks on Shipping Routes
The video discusses the significant risks associated with the Bab al-Mandab strait, a vital maritime route leading to the Suez Canal, which is crucial for global trade. It highlights the recent attacks on commercial shipping by the Houthis, an Iran-backed militant group from Yemen, in response to the Hamas-Israel war. The attacks have led to…