Australia faces a “national emergency” unless it re-establishes a sovereign commercial shipping fleet to ensure critical goods flow during times of war and economic sanctions.
The war in Ukraine, alongside Canberra’s geopolitical tensions with Beijing, has highlighted the vulnerability of Australia’s security and economy given its supply chain is almost completely reliant on ships registered to other countries.
The Australian government was forced last week to ask a British ship set to bring in munitions for the defence force to replace Russian crew members.
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