Market Insights

Strait of Hormuz Closure Again Causes Shipping Disruptions and Rate Surge

Iran closed the Strait of Hormuz causing shipping disruptions and rate surge. Vessel transits dropped, Drewry WCI rose 12% to $3969 with blank sailings on Pacific routes.

Strait of Hormuz Reopened Yet War Risk Premiums Stay Elevated, 40ft Rates Hit 18-Month High of $3,969 – Mexican FCL Importers Must Act Now

Strait of Hormuz Retaliatory Closure Roils Global FCL, Dual Supply Chain Alerts Hit Footwear and Plastics

Hormuz Reopens at 25 Ships/Day: FCL Recovery Takes 3 Months, WCI +12%, MVE Mandatory Aug 1

Hormuz Strait reopens at 25 ships daily after US-Iran deal. FCL recovery to take 3 months until mid-Sept 2026. WCI rises 12% to $3,969. MVE mandatory for all FCL to Mexico from Aug 1.

FCL Rates China-Mexico Surge 78-89% as Hormuz Reopens Cautiously with 40-50 Day Demining Delay