Hormuz Oct crossings at 3-month high despite attacks, Red Sea traffic also rises
Strait of Hormuz shipping traffic rose to its highest monthly level since July in October, supported by stronger dry-bulk and LNG movements despite a decline in VLCC traffic and mounting regional threats, S&P Global Commodities at Sea(opens in a new tab) data showed Nov. 2. The rise came amid an “increasingly volatile” operating environment at ...
In October, shipping traffic through the Strait of Hormuz reached its highest monthly level since July, despite a decline in Very Large Cargo Ship (VLCC) traffic and ongoing security threats, according to S&P Global Commodities at Sea data. The increase was driven by stronger movements in dry bulk and liquefied natural gas (LNG) vessels.
The month saw 30 reported attacks, leading International Maritime Organization Secretary-General Arsenio Dominguez to warn against the safety of shipping through the strait, urging vessels to avoid the route. However, the total number of transits through the Hormuz chokepoint totaled 750, up from 749 in September, with bulk carrier traffic hitting a three-month high at 149 transits.
LNG carrier crossings also reached their highest since the start of the Iran war, with 32 transits. In the Red Sea, traffic through Bab al-Mandab increased to 1,196 transits in October from 1,154 in September, with tanker movements remaining stable at 408. Northbound traffic accounted for about 54% of the monthly total, while Saudi-linked traffic in the region continued to decline.
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