A ship can be ready.
The cargo can be booked.
The route can remain open.
Nothing physical has to block the voyage.
Yet another market can change the economics.
China now sees that market as strategic.
And it is building alternatives.
So is shipping getting a new kind of chokepoint?
Here are 5️⃣ signals behind it:
1️⃣ China Has Scale — But Not Full Control
China leads the global cargo insurance market.
It ranks second in hull insurance.
Yet sophisticated cover still relies on London.
Domestic underwriting capacity remains weaker.
💡 Shipping scale does not equal risk control.