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Sunday, 29 June 2025
Markets

Strait of Hormuz, Red Sea shipping threat rising, maritime group warns

Strait of Hormuz, Red Sea shipping threat rising, maritime group warns

The refrigerated containers of Maersk shipping lines have been stacked on 22 April 2025 on the container terminal of Bremerhaven Port in Bremerhaven, Bremerhaven, Germany.

Focke Strongman | Getty Image News | Getty images

Ship owners, charters, shipbroors and agents are the world’s largest direct-addition organization warning while it is still not clear how Iran will respond on Saturday American attack On Iran’s nuclear features, there is an increased threat to commercial shipping in water around the Arabian Peninsula.

Jacob Larsen, the head of security in Bimco, said, “The danger against shipping in the Red Sea and Aden’s Gulf has also gone up.” “Houthis now threatens trader ships with affiliation to Israel or the US, but cannot be denied attacks against other affiliated merchant ships.”

Larsen said that it is expected that American warship and Israel or America traders ships would be preferred targets for Iranians.

In an email to CNBC, a Hapag Lloyd spokesman told CNBC, “We are currently crossing the road of Hormuz. The alert level is high, however, and things can change according to hours.”

Integrated logistics provider Maersk announced on Friday that it is temporarily suspending port calls for Israel’s largest container port, HAIFA. Hifa, owned by the Adani Group, has a target of $ 4.2 billion cargo facility, Iranian missiles, but has no loss. Last week, Jugeshinder “Robi” Singh, CFO of Adani, misinterpreted that the strike on the Iranian social media caused a fire in the port.

Larsen of Bimco warned that Iran could attempt extensive disintegration of commercial shipping in Hormuz’s strategies through attacks on merchant ships. They said,

Larsen said, “The laying of marine mines will lead to another dangerous development, but Iran’s intention is suspicious due to the risk of environmental disaster in the event of a ship’s risk of commercial ships associated with Iran and a ship.”

Hormuz’s strainer, which connects the Persian Gulf to the Arabian Sea, is recognized as one. World’s most important oil chokepointOil disability through the strainer of Horuz, even temporarily, can, even Global energy pricesIncrease shipping costs and create significant supply delays. In 2023, the oil flows through the waterway Average According to US Energy Information Administration, 20.9 million barrels per day, accounting for about 20% of global petroleum fluid consumption.

“Given the Iranian threat to American military bases in the region, the availability of warships for commercial shipping is probably limited, especially for commercial ships there is no affiliation with the US or Israel,” Larsen said.

The Straight of Hormuz handles less than 4% of the global container business, but the ports of Jebel Ali and Khor Fakkan are important intermediary points for the global shipping network in the region.

Most cargo volumes from those ports are lucky for Dubai, which has become a center for the movement of goods with feeder services in Persian Gulf, South Asia and East Africa.

Even before the US attacks on Saturday, increasing the conflict between Israel and Iran, the raise of the goods of the ocean from Shanghai, the largest port in the Gulf of Jebel Ali, Arabia this week.

Freight Intelligence firm Xeneta said that the average spot rates have increased by 55% month-month through Friday. The rates are now $ 2,761 per forrti-foot equivalent unit (FEU), which is a standard unit for measuring the capacity of container ships and the amount of cargo.

From the tanker, the spot rates for the very large crude career (VLCC) trips between the Middle East and China were up to 154% week-to-week through Thursday. Long distance tankers (LR2) rates on the Middle East-Japan trade route are 148% and the Middle East-Japan very large gas carrier (VLGC) rates are 33% above.

The reason behind the increase in rates involves additional expenses on safety measures, high bunker fuel prices, and fuel costs as vessels use more fuels due to rapid sailing through high -risk areas.

Marsh McLenn, the world’s largest marine insurance broker, hull for notes and the straw of halluz for machinery insurance rates increased by more than 60%in the translate.

In light of the latest wave of defense measures, Bimco is encouraging ship owners to review their safety risk assessment and considering carefully mitigation measures.

“Merchant ships in the region should consider reducing their risk for hazards from Iran, for example, rooting away from the Iranian coast,” Larsen said. “We also recommend that the ship maintain close contact for naval forces in the area through UK marine trade operations, maintain strong vigilance and increase lookouts, report suspicious visions and events to UKMTOs, and increase the ships to absorb the damage by ensuring the readiness of damage control organization including watertite integrity and firefighting capacity.

“Bimco never recommends the ship owners to stay completely away from a struggle area. Such a decision must be taken by the ship owner, taking into account all the relevant factors of safety risk evaluation, for example, for example, threats, weaknesses of the ship, and the risk acceptance level of the ship owner and cargo owner.”

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