Hormuz commodity ship transits fall to nine, ship tracking data shows
Of the nine ships, eight exited the Strait of Hormuz, still well below the 10-day average of 18 transits.
The Strait of Hormuz, crucial for global trade, experienced a significant drop in vessel transits on February 29, according to ship tracking data. Just nine ships passed through, compared to 14 the previous day, a decline that may be attributed to some vessels having their transponders turned off. The average daily transits over the past 10 days stand at 18, indicating the substantial decrease.
Eight ships exited the strait, including a ballast very large gas carrier and a laden very large crude carrier (VLCC). The remaining five were Panamax, Supramax, short-range, and medium-range tankers. Of the nine ships that entered, one was a dry bulk handymax carrier. Prior to the Iran conflict initiating on February 28, the strait saw an average of 125 large, commercial vessels daily, contributing to roughly 20% of the world's daily crude oil and liquefied natural gas supply.
On Thursday, Bab el-Mandeb strait witnessed little change from the previous day, with 26 transits, 12 ships entering and 14 ships exiting. One of the entering vessels was a laden VLCC carrying Iraqi Basrah crude to Egypt, with its transponder activated.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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