Commodities
Home›Commodities›Energy›Commodity vessel traffic at Strait of Hormuz drops to…
Commodity vessel traffic at Strait of Hormuz drops to six crossings
Monday saw only six commodity-ship transits at Hormuz, down from 11 in the latest 10-day average, as security risks and recent attacks kept traffic near a two-month low.
Commodity vessel traffic through the Strait of Hormuz fell further, with only six commodity ships transiting the chokepoint in either direction on Monday, according to shipping data cited by Reuters from Kpler, as relayed by OilPrice.
That compares with 11 ships in the latest 10-day average. Four commodity vessels moved inbound into the Persian Gulf via the Strait, and two others exited outbound, the data showed.
The report said the inbound movement included two empty product tankers, along with a small LNG carrier and a tanker shipping residual fuel that exited the Persian Gulf with energy products en route to buyers.
OilPrice linked the decline to intensifying security concerns, including recent attacks on ships and ongoing threats to shipping in the region. It also noted that, after a brief period in mid-June to early July when traffic picked up with the tentative opening tied to a U.S.-Iran memorandum of understanding that is now dead, traffic for all vessels, including commodity carriers, has fallen back toward a two-month low.