Lates News

According to the American Consumer News and Business Channel on the 17th, the Baltic International Shipping Association, one of the world's largest shipping associations, stated that the large-scale conflict between Israel and Iran has made the entire shipping industry uneasy. Currently, many ships are choosing to avoid the Strait of Hormuz, and the number of ships passing through the strait is decreasing. With the worsening security situation in the region, it is expected that shipping costs through the Strait of Hormuz will rise. Standard & Poor's Global Market Intelligence also stated on the 17th that the threat of a large-scale conflict between Israel and Iran is "enough to seriously disrupt shipping." There are indications that some shipping companies are beginning to avoid the Strait of Hormuz.