4 articles
On day six of the Middle East war, hope of a swift reopening of the Strait of Hormuz is fading. There does not seem to be a quick fix. A material return of transits in the future will require shipowners to be convinced that the route is safe for their crew an…
Spot container freight rates continue their ascent as ocean carriers pass along much higher fuel costs resulting from the effective closure of the Strait of Hormuz. If the strait doesn’t reopen soon, the impact on container market could intensify
Iran has asserted its control over the Strait of Hormuz, insisting that vessels comply with new terms and conditions to transit, including mandatory Iranian insurance for all vessels
Despite the IMO freezing its evacuation plan after <em>Ever Lovely</em> was struck, ships are still moving through both Hormuz routes as operators weigh conflicting signals from Iran and the risks of staying put