Two new connections from China to Europe bypass the Red Sea. But what about capacity, time windows, and political dependencies?

Volumes are falling, prices are rising. Why EU tariffs and the AI boom are drawing cargo to North America and leaving European routes empty.

A deal sounds like de-escalation, but the main channel remains risky, the legal position is contested, and the shooting on the ground continues. These three indicators will tell you when it becomes more than just an announcement…