Freight prices are often treated as the clearest measure of pressure across global trade corridors. But a stable freight market does not necessarily mean underlying exposure is low.
This NERAI public brief examines the Black Sea, Strait of Malacca and Taiwan Strait, showing how similar levels of freight pressure can mask very different forms of risk. In one corridor, sanctions and vessel exposure dominate. In another, systemic chokepoint dependency matters most. Elsewhere, strategic and supply-chain tail-risk remains the larger concern.
The analysis looks beyond immediate disruption to the channels through which corridor risk may emerge first: compliance workload, insurance language, routing assumptions, procurement exposure and board-level risk appetite.
Dean Mikkelsen is Founder and Editorial Director of Power & Corridors. Based in Abu Dhabi, he focuses on geopolitical risk, maritime security, trade corridors, energy, logistics and critical infrastructure.
