In the inaugural episode of PODcakes new series, "The Current View," we embark on an in-depth exploration of the worldwide repercussions stemming from the Houthis' missile launches targeting merchant vessels in the Red Sea. Delving into the significance of this crucial shipping lane, particularly as vessels transition from the Suez Canal into the dangerous waters of the Red Sea under the protection of the U.S. Navy, we assess the impact and strategies being used.

Additionally, we scrutinize the crisis of dwindling water levels in the Panama Canal due to drought, prompting ships to seek alternative routes around South America and consequently affecting the global economy. Are we on the brink of a global economic crisis? What implications does this hold for the availability of goods in our grocery stores, and how will it exacerbate the already surging costs of commodities? Join us as we attempt to gain deeper insights into these unfolding events.

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The Resource Guide for this episode was current at the time of recording.

Recorded on February 13, 2024

https://www.npr.org/2024/01/16/1225023134/the-economic-impact-from-the-red-sea-tensions

https://www.cnn.com/2024/01/10/economy/red-sea-attacks-economic-impact/index.html

https://fortune.com/2024/01/04/red-sea-15-percent-international-trade-10-day-journey-cape-good-horn/

https://www.freightwaves.com/

https://www.freightwaves.com/news/tag/state-of-freight-insight

What’s going on with shipping - Sal Mercogliano

www.youtube.com/@wgowshipping

https://portwatch.imf.org/

https://www.freightos.com/

https://fortune.com/2023/12/04/panama-canal-dry-backed-up-brutal-drought-shippers-paying-4m-jump-queue/

https://www.cnbc.com/2023/11/03/panama-canal-drought-hits-new-crisis-level-amid-severe-el-nino.html#:~:text=Panama%20Canal%20drought%20hits%20new%20crisis%20level%20with,Administrator%20Ricaurte%20V%C3%A1squez%20Morales%20recently%20said.%20More%20items

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