Strategic Value of Oceans
- Oceans are valuable places, particularly for global superpowers
- They are vital for economies, maritime trade and security
Economic Value
- Oceans have extensive economic value
- They provide trade routes around the world. Roughly 80–90% of all trade around the world moves through the oceans
- This movement of goods sustains the world’s economy
- It is a building block of globalisation
Security
- Oil transit chokepoints are channels inside trade routes
- Some chokepoints are canals, which act as shortcuts for trade routes
- Over 60% of world oil is transported via the sea
- Chokepoints must remain open to ensure energy security and reduce international conflict
- Examples of chokepoints include:
- Strait of Hormuz
- Strait of Malacca
- Suez Canal
- Panama Canal
- Stronger maritime powers can control chokepoints and routes, increasing the country’s security
- Countries like China, India, the UK and the US are global maritime powers. They have a significant naval military force:
- Having military control over chokepoints and routes makes a country much more powerful. They are ideal for attack and defence strategies
Global Transit Chokepoints
Global Transit Chokepoints