Shipping groups shying away from the Strait of Hormuz
During the Gulf of Iran during the IRGC Naval Parade ceremony, an Islamic Revolutionary Corps that sets sails along the Gulf of Bushehr in the South of Iran in the Gulf of Iran, south of Iran, south of Iran in the south of Bushehr in the south of Iran.
Nurphoto | Nurphoto | Getty Images
According to the world’s largest transportation association, some luminaires prefer to stay away from the Strategically important Hormuz Strait, which reflects an increasing sense of industrial discomfort as the Israeli-Iran conflict increases.
Israel’s surprise attack on Iran’s military and nuclear infrastructure on Friday watched a four -day increase between regional enemies.
This pushed some attention to attract extra attention to the Hormuz Strait, which is a vital entrance point for the Hormuz Strait, which is a critical passage to the world oil industry, and at the huge Port of Jebel Ali of Dubai.
Representing global luminaires, Security President Jakob Larsen said that the Israeli-Iranian conflict appears increasing and caused concerns in the armature community and provides a “humble decline” in the number of ships in the region.
Typically, BIMCO, which does not encourage ships to stay away from certain areas, said that the situation brings an element of uncertainty.
“Conditions and risk tolerance are changing between the shipowners. Apparently, most ship owners seem to continue, some seem to stay away,”
“High safety threats, load rates and crew fees are often increasing during periods and creates an economic incentive to take the risk of passing through conflict zones. Although these dynamics seem primitive, they are mechanisms that maintain global trade through conflicts and wars for centuries.”
The Hormuz Strait, which connects the Basra Bay to the Arab Sea, is considered one of the most important oil shock points in the world.
Oil flows through the water road in 2023 average According to the US Energy Information Administration, 20.9 million barrels per day, which constitutes about 20% of global oil fluid consumption.
Even temporarily increasing global energy prices, increasing shipping costs, and creating significant supply delays.
In addition to oil, the Hormuz Strait is the key to global container trade. The reason for this means that the ports in this region (Jebel Ali and Khor Fakkan) are transferred centers, that is, they serve as a vehicle score in global shipping networks.
The majority of cargo volumes from these ports are directed to Dubai, which has become a center for the movement of the burden with its nutritious services in the Gulf of Basra, South Asia and East Africa.
Peter Tirschwell, Vice President of Maritime Affairs and Trade in S&P Global Market Intelligence, said that there are indicators that the transportation groups started to be “shy” from the stroll in the Hormuz Strait without being naming to any company.
“You could see the effect of Houthi rebels on transport along the Red Sea. Even if there [are] A small number of attacks on transport in that region sent a majority of the threat of the container trade in the south of Africa. Tirschwell sang CNBC’s “Squawk Box Asia” on Monday.
“The ocean carriers do not have plans to return to the Red Sea to the Red Sea, and therefore the threat of military activity around a narrow important routing, such as the Hormuz Strait, will be sufficient to significantly disrupt the transportation.”
Israel-Iran conflict increases load rates
After Israel’s attacks on Iran last week, burden rates increased. Indeed, the data published on Monday from Analytics company KPLER showed that the Middle East Gulf tanker load rates increased by 24% on Friday until China.
Although the rise in the VLCC (very large raw carrier) load rates is a relative recession in June, it reflected the largest daily movement from the year and confirmed the perceived risk level in the region.
Analysts in KPler, although the maritime risk of war risk remains unchanged for now, the situation is extremely unstable, the load rates are likely to increase more, he said.
Missiles from Iran were stopped on June 16, 2025, Tel Aviv, as seen from Israel.
Ronen Zvulun | Reuters
Insurance broker McGill and Partners Hull and Naval Obligations, David Smith, said that at least the transportation insurance rates remain stable without a significant increase since the latest hostility between Israel and Iran. “
However, this, depending on whether there is a rise in the region, “it can change in a dramatic way,” he added.
Smith, CNBC’e E -Posta in his statement, “war quotes excluding ‘violation’ before entering the field for 48 hours, as the insurance companies have the ability to rapidly increase the premiums in line with the risk of perceived risk.”
Hapag-lloyd Ag Leverkusen Express is sailing from Yangshan Deepwater Port, which was run by Shanghai International Port Group on 7 August 2019.
Bloomberg | Bloomberg | Getty Images
German -based container shipping ship spokesman Hapag-lloyd He said that the threat level for the Strait of the Hormuz was “important”, although not an emergency risk for the maritime sector.
Hapag-Lloyd admitted that the situation could change in a “too short” time, he said he did not foresee bigger problems in crossing the water path.
The company added that passing the Red Sea is not immediately a plan, but it has not been doing it since the end of December 2023.
– Lori Ann Larocco of CNBC contributed to this report.
