Comment / OceanX: BRICS-11 – trade & shipping in a multipolar world 

ID 34698218 © Yurolaitsalbert | Dreamstime.com

We had it all last week: India’s moon landing, BRICS growing at a fast speed and a dirty water debate in the pacific, all while volume reports in container shipping keep pointing to downturn lows and rates are again under pressure. 

New order

There has been a lot of writing on the BRICS summit in Johannesburg creating a new world order, rather than echoing how de-dollarisation might accelerate. With the consortium likely encompassing 11 members from early 2024*, let’s briefly assess ...