Oversupply and military threats cast shadow on shipping’s return

Non-tariff measures were designed as technical instruments but in the current geopolitical environment, they have become an architecture of strategic exclusion.

The container shipping industry stands at a precarious crossroads in February 2026, where a tentative return to the Red Sea route collides head-on with severe structural oversupply, amplifying pain for carriers already battered by collapsing freight rates.

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