Hormuz closure disrupts car carrier flows

Sources: Clarksons & Hoegh Autoliners Escalating Middle East conflict halts vessel traffic through one of the world’s key automotive trade corridors Security escalation forces effective shutdown of Hormuz transitEscalating conflict in the Middle East has sharply increased risk across global shipping markets, with the Strait of Hormuz effectively closed following the US-Israel strikes on Iran […]

Middle East conflict – Implications for EMF’s shipping markets

Sustained tensions and elevated risk expected for the time ahead The escalation of tensions between the US, Israel and Iran has significantly increased geopolitical risk in the Middle East, particularly around the Strait of Hormuz. This waterway is one of the world’s most important energy chokepoints, handling roughly 20% of global oil trade and a […]

Strait of Hormuz closure creates uncertainty in shipping markets

Hormuz disruption creates historic shock to global energy flows Tanker: Historically high rates driven by supply shockThe crude tanker market has surged following the effective closure of the Strait of Hormuz. At one point last week, VLCC earnings reached approximately USD 480,000 per day. While rates have corrected this week, they still remain significantly above […]