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As conflicts with Russia, Iran, and potentially China increase, there are now efforts to control international shipping channels.
China Cosco Holdings, China and Asia’s biggest shipping firm, suffered the biggest interim net loss of a mainland-listed company ever despite a stabilizing global shipping market.
China wants to build a fourth set of locks in the Panama Canal, in a bid that will give them a larger stake in the global shipping choke point.
Chinese products for use in global shipping are sold with spy software already installed.
