Further attacks on vessels and maritime infrastructure in the Middle East as the conflict in the region reached its 5th day. At least 9 ships now identified to have been attacked, including the ‘Safeen Prestige’ (IMO number 9593517, feeder containershi…
Middle East Conflict: Shipping Activity Very Limited, Rates on the Rise Read More »
The Strait of Hormuz is the most important waypoint for vessels destined for the Arabian Gulf, as the largest discharge ports are located on the western side. Given the current conflict in the region, many vessels currently inside the Gulf are unlikely…
Iran-USA/Israel Conflict Impact on Bulk Read More »
“The attacks on Iran by the US and Israel have caused disruptions for ships transiting the Strait of Hormuz. Although this passage is less critical for the dry bulk sector than for the tanker market, the disruptions still impact around 4% of dry …
Strait of Hormuz disruptions currently impacting 4% of dry bulk market Read More »
With the ongoing armed conflict in the Middle East, Iran confirms effectively blocking the Strait of Hormuz, through which 20% of the global LNG supply transits. Drewry expects about 2 million tonnes of LNG supply from Qatar and the UAE to be choked on…
Iran closes the Strait of Hormuz—20% of global LNG supply at risk Read More »
The ongoing US–Iran conflict has severely disrupted maritime traffic through the Strait of Hormuz—a narrow but strategically vital waterway between Oman and Iran that connects crude oil exporters in the Persian Gulf with global markets. In response to …
US–Iran war: Implications for the crude tanker market Read More »