Hormuz Crisis Traps Gulf Shipping
6, May 2026
More than 1,000 vessels remain stranded across the Gulf as restricted Hormuz traffic drives war risk premiums sharply higher.
Tankers
Global Shipping Orderbook Reaches Highest Level Since 2011
9, April 2026
BIMCO said the global shipping orderbook reached 191.0m cgt at the end of the first quarter of 2026, equal to 17% of the world fleet and the highest ratio since 2011. First-quarter contracting rose 40% year-on-year, led by tanker orders and a rebound in LNG tanker contracting, while yard lead times and engine supply constraints remained key issues.
Hormuz Closure Strands 150 Tankers, Gulf Terminals Pause
2, March 2026
The Strait of Hormuz closure halted at least 150 tankers, paused Gulf terminal operations and forced carriers to suspend bookings and reroute vessels, driving delays and higher war-risk costs.
