In the Last few days we saw Red Sea crisis looming around the affecting the International Sea Trade route… But do you know while Red sea was a crisis, on the far west there was another crisis happening due to a severe drought? The Panama Canal has failed to see sufficient rains and because of which the canal’s operation has taken a hit…. But what are choke Points? In this video we will understand what is a choke point, different types of choke points and discuss the primary choke points of the world and how it affects the global maritime trade. In future episodes we will publish the other types of choke points available. For easiness the following are the various chapters/topics covered in the video for your understanding
00:00 – Start of Video
01:19 – What is a Choke Point?
02:07 – Different Types of Choke Points
02:56 – What are Primary Choke Points
03:42 – Strait of Malacca
04:19 – Strait of Hormuz
04:43 – Strait of Bab-el-Mandeb
05:12 – Suez Canal
05:44 – Turkish Straits
06:15 – Strait of Gibraltar
06:47 – Panama Canal
07:14 – International Trade & Engagement
08:02 – Closing Remarks
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#hormuz #gulfofoman #persiangulf #iran #oman #uae #unitedarabemirates
#gulfofaden #redsea #redseacrisis #yemen #djibouti #eritrea #asia #africa #middleeast #babelmandeb
#suezcanal #egypt
#turkishstraits #bosporous #dardenelles #turkey #europe #easterneurope #russia #ukraine
#gibraltar #spain #morocco #illegalmigrants #southeurope
#panamacanal #panama #panamadrought #southamerica #northamerica
#navaties #imports #exports #globaltrade #internationaltrade #business #international #preparation #documentation #seatransport #support
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Satish Speaks on Global Trade and Geo-Politics is a channel where Mr. Satish Kota, Founder & CEO of NavaTies is going to talk to you and help you understand International Trade, Current Affairs on Geo Politics and its impact on trade, All about countries and regions and what opportunities lie in them, products/merchandise/goods as well as services and where the market for them lies and finally interviews with various Businesses, Trade Bodies, Govt. Bodies, Ministers and Officials about International Trade and where the market lies.
Hello and Welcome to yet another session of Satish Speaks on global trade and geo politics Powered by NavaTies, an International Trade and Engagement Platform. This is your host Satish Kota. In the last few days we all have been hearing a lot about the Global Maritime trade getting affected due
To 2 major issues first one is the Red Sea crisis and second one is the drought in the Panama Canal. Both of these issues have choked the important sea routes affecting delays and increase in the logistics and shipping costs. But what is a choke point and why are these
Very important for trade? In this session let us discuss the 25 different choke points of the world which no other podcast or video covers. As we always say “We cover what others do not”. Before we start into the details can I request you to Like, Share, Subscribe, Hit the Bell
Icon and also give your comments. Your comments are important for us to create better content on the International Trade and Geo Politics. Choke Points or sometimes called as bottlenecks, are those critical maritime passages between 2 land masses like a strait, channel, canals,
Etcetra where a ship is forced to reduce its speed and pass through narrow piece of water way, opening up for risks of attacks from enemies, terrorists, pirates, or create a congestion to trade, when blocked due to weather and climatic conditions or,
Any blockade that occurs due to political risk. So while red sea crisis is a security risk due to terrorist attacks, Panama canal drought is more of a environmental risk. So, in this session let us try to understand different choke points in the world. Would you believe that there
Are about 25 choke points in the world that can affect the global maritime trade? For Simplicity, we have divided them into 3 types namely the The 7 Primary Choke Points through which most of the global trade happens. The 9 secondary Choke Points which are strategic Defense Choke points
Or earlier were Primary trade choke points also. And the 9 Possible Choke points which are possible choke points that may open up when the primary or secondary choke points are blocked or due to any reason Now As part of this session we are going to
Discuss the primary choke points and a brief details about each of them. There are 7 most important choke points that affect over 70% of global maritime trade. In some videos you may have seen the content creators using either 6 or 8, but we will consider 7 due to the
Current Geo-political issues that are on going in the world. While most of the choke points are concentrated in and around the Middle eastern region, we have one at the far east and one on the far west. The 7 choke points are Strait of Malacca. Strait of Malacca in the
South east Asian region between the countries of Malaysia and Indonesia with the Malaysia’s malay peninsula on the east and Indonesia’s Island of Sumatra on the west. The strait of mallaca opens at the Indian Ocean near the Andaman Sea and ends at Singapore between the Singapore strait
And the south China Sea. This choke point sees a traffic of 60% of world trade Strait of Hormuz. Strait of Hormuz exists between Gulf of Oman and the persian gulf between the land masses of Iran on the top and Oman & United Arab Emirates in the south. The world’s major
Oil passes through this choke point Strait of Bab-el-Mandab. The Strait of Bab-el-Mandab divides the Asia with Africa between the countries of Yemen on the Middle East Asian front and Djibouti and Eritrea on the East African Front. One end of the strait is the gulf of Aden
And the Red sea is on the other end. about 12% of world’s trade happens through this Suez Canal. Suez Canal is a man made canal in the Egypt which divides Asia with Africa. The canal has been in operation from the year 1869 and that connects Red sea at the south
And the Mediterranean sea in the north. Suez canal was formed to shorten the sea route from Europe to asia which earlier was all the way around the African continent. The Turkish Straits. The Bosporus and Dardanelles Straits together called as
The Turkish Straits. These 2 straits connects the Agean and Mediterranean sea on the west, with the black sea in the east. The straits pass through Turkey and divides Asia with European continent. This is a very strategic sea route for Russia and Ukraine
The Strait of Gibraltar. The Strait of Gibraltar is a water way that is between the land masses of Southern Europe at Spain and Gibraltar, with that of Northern Africa at Morocco. The strait connects the mediterranian sea with the Atlantic ocean. This strait is famous for
Illegal migration from Africa to Europe The last of the primary choke points is the Panama canal. The Panama canal is again a man made canal by the US and is in the country of Panama. It connects the North American continent with the South American Continent. The canal
Divides the Panama country by half and connects Caribbean sea with gulf of Panama. This is a very strategic choke point in the Americas This session is brought to you by NavaTies an international Trade and Engagement Platform. The platform provides One Stop place for New and
Existing Exporters and Importers and Service providers in the international space. It is A Support System for International Trade Information, Export/Import Preparation, Export/Import Marketing and Sourcing, Consignments & Logistics support and Trade Finance activities. More importantly they work as a support system as well as a safety net when something goes wrong. So
All in all it is an EXIM HUB for Exporters, Importers and all the Vendors & Services Providers in the International trade. Now that you have understood the 7 Primary Choke Points, in the Next Episode we will discuss the 9 Secondary Choke Points and
Then the 9 Possible Choke Points. Before we end can we once again request you to like, share, subscribe, hit the bell icon and give your comments to this session. Your comments is very important to us to create better content in the space
Of International Trade and Geo Politics. Thank you for watching or listening to this session and until next session this is satish kota signing off. Stay safe and stay healthy.