Hormuz vessel crossings fall further as security concerns linger

The ongoing security issues have caused a notable drop in vessel traffic in the Strait of Hormuz, with just three commodity vessels transiting on Tuesday compared to more the previous day. In a related development, two oil tankers re-routed throug...

Agencies
Hormuz turns into a slow lane as security fears deepen
SINGAPORE: Vessel crossings via the Strait of Hormuz dropped further on Tuesday, shipping data showed, as security concerns lingered amid ongoing attacks by the United States and Iran.

A total of three commodity vessels crossed the strait on Tuesday, down from ‌four the ⁠previous ⁠day, Kpler data showed.

The general cargo ship the Kaiser exited ​the strait loaded with cargo, while the dry bulk carrier H7 ​Smb8 entered the strait in ballast, Kpler data showed, meaning it will take on a cargo in the ​Gulf.


Also Read: After Hormuz, Gate of Tears may make the world cry. What about India?

The Hsin Ocean entered the strait ⁠on Tuesday ‌carrying refined palm olein, Kpler said.

There were ​no ​visible very large crude carrier (VLCC) or liquefied ⁠natural gas (LNG) tankers passing through the strait on ​Tuesday.
ADVERTISEMENT

The U.S. military said late on Tuesday ​it carried out its latest strikes on Iran, marking the 11th consecutive night of American attacks.

In the Red Sea, two oil tankers carrying Saudi crude to Asia reversed course while heading toward the Bab el-Mandeb ‌strait on Tuesday after threats from Yemen's Iran-aligned Houthis, who have vowed to blockade Saudi Arabian oil shipments from ⁠moving through the strait.

Also Read: Indian Oil Corp cancels Iraq oil lifting amid Hormuz attacks, sources say

This indicates the U.S.-Iran conflict is widening and potentially disrupting shipping through two of the world's most critical energy chokepoints.
ADVERTISEMENT

The Houthi militia had also told shipping companies not to load or discharge cargo at Saudi Arabian ports or they may be targeted, according to an email the group sent to companies.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › World News › Hormuz vessel crossings fall further as security concerns linger
Text Size:AAA
Success
This article has been saved

*

+