Shipping traffic via Strait of Hormuz stays below 10-day average, data shows
SINGAPORE: Four commodity vessels transited the Strait of Hormuz in the Gulf on Thursday, down from six a day earlier and below the 10-day average of about 16, preliminary shipping data showed on Friday. The figures could change as some ships typically switch off their transponders during the voyage to avoid the risk of detection in the conflict zone. Of the four vessels, three were entering the…
Four commodity ships crossed the Strait of Hormuz on Thursday, marking a decline from six vessels the day prior and falling short of the 10-day average of around 16, according to initial shipping data released on Friday. The precise numbers may fluctuate as certain vessels often deactivate their transponders during transit to evade detection in the conflict area.
Among the four ships, three were heading into the strait for the Gulf, while one was exiting. The vessels comprised two Panamax tankers, one Supramax ship, and one Kamsarmax vessel. The Strait of Hormuz historically accommodates one-fifth of the global oil and gas trade before the Iran conflict. Meanwhile, 23 commodity ships sailed through the Bab el-Mandeb Strait on Thursday, another critical shipping route at the southwestern tip of Yemen and a key trade link for oil between the Red Sea and the Gulf of Aden.
The data revealed 13 vessels moving towards the Red Sea and 10 towards the Gulf of Aden, consisting of a Panamax and a Suezmax tanker, four Supramax vessels, and six Aframax tankers. This figure contrasts with the usual 26 ships utilizing the strait over the past 10 days. The ongoing conflict, backed by Iran, has seized Yemen's entire Red Sea coastline since last week, triggering Saudi Arabian airstrikes.
These developments have sparked worries about potential disruptions to oil supplies due to the war's encroachment on Yemen and Saudi Arabia, threatening the Red Sea route as a primary alternative for Gulf exports while the Strait of Hormuz remains restricted.
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