Shipping Groups Reduce Transits Through Strait of Hormuz Amid Rising Tensions
The number of vessels navigating the strategically vital Strait of Hormuz is reportedly decreasing, as global shipping operators reassess risks following recent U.S. military actions targeting Iran. Jakob Larsen, head of security at the international shipowners’ association Bimco, confirmed that some carriers have temporarily halted passage through the narrow waterway amid escalating regional tensions.
US Airstrikes Escalate Security Concerns
Over the weekend, the United States launched airstrikes on three major Iranian nuclear enrichment facilities, marking a significant escalation in efforts to derail Tehran’s nuclear ambitions. Iran swiftly condemned the attacks, warning it reserves the right to defend its sovereignty by any means necessary.
Consequently, shipping entities are growing cautious. “Before the strikes, shipping patterns remained largely stable. Now, we notice a clear reduction in vessels transiting the Strait,” Larsen explained. He predicted further declines if Iran retaliates with attacks targeting commercial shipping.
Why the Strait of Hormuz Matters
Linking the Persian Gulf to the Arabian Sea, the Strait of Hormuz serves as one of the world's most critical maritime chokepoints for energy supplies. In recent months alone, around 20% of global oil and petroleum product consumption passed through this corridor. Similarly, about 20% of worldwide LNG exports, primarily from Qatar, transit the route.
Disruptions here cause ripples across global markets, often driving up energy prices and delaying shipments worldwide. While Iran’s parliament has endorsed proposals to close the strait following the U.S. attacks, such a move would alienate regional neighbors and international trade partners — so far, the government’s security council holds the final say.
Shipping Companies Respond Cautiously
Industry sources indicate a growing trend of tankers and cargo vessels adopting standby status, waiting out volatile conditions before entering the strait. Andy Critchlow from S&P Global Commodity Insights noted anecdotal evidence showing slower tanker movements and instructions for LNG carriers to delay entry to avoid prolonged presence in the Gulf.
Japanese shipping giant Nippon Yusen, for example, has implemented a precautionary policy encouraging vessels to limit their time within the Persian Gulf and, when possible, pause for a day or two. Although no outright navigation bans are in effect, this measure attempts to mitigate exposure amid rising Israel-Iran tensions. Mitsui OSK Lines has adopted a similar approach.
Meanwhile, German container operator Hapag-Lloyd continues to sail the route but emphasizes that the unpredictable environment could activate its crisis management protocols at any moment.
Economic and Security Implications
Peter Sand, chief analyst at the shipping data platform Xeneta, highlighted the ongoing risk assessments companies conduct multiple times daily, balancing operational needs with safety concerns. Insurance premiums for vessels in the Gulf region have seen probable increases due to the heightened threat level.
The potential closure of the Strait of Hormuz, even temporarily, poses a serious risk to energy markets and geopolitics. The United States has appealed to China to help keep the waterway open and ensure uninterrupted maritime trade.
Looking Ahead
As the situation develops, industry watchers will be closely monitoring shifts in shipping traffic and any retaliatory moves that may impact one of the world's busiest energy corridors. For now, cautious navigation and contingency planning remain the norm among major shipping players.
