Monday 02-03-2026 11:37
Ships are currently idling at the Strait of Hormuz not out of fear, but because of insurance requirements. Major maritime insurers are now mandating extra war risk coverage for transits. Without this coverage, vessels simply won’t sail. Once the additional protection is secured, ships will resume transit; otherwise, they will reroute.
This is primarily a risk management and insurance issue, not a purely military standoff. The impact is significant, as nearly 20% of global oil flows through this chokepoint.
Countries and regions most at risk if the strait remains blocked include India, China, Japan, Saudi Arabia, Pakistan, EU countries, and the UAE, due to their heavy reliance on oil imports or exports passing through the strait.
Source: Sal Mercogliano, WGOW Shipping, @_TheFluc
Monday 02-03-2026 10:00
Due to the recent escalation in the Middle East, you have likely seen the news regarding the closure of the Strait of Hormuz. The situation is evolving rapidly and may affect each shipment differently. We are closely monitoring all developments and will coordinate with you personally to assess the specific impact on your ongoing and upcoming shipments.
The current situation has significant consequences for both ocean and air freight. Major carriers such as Hapag-Lloyd, MSC, CMA CGM and Maersk have suspended all transits through the Strait of Hormuz, rerouted vessels via the Cape of Good Hope, and introduced various emergency surcharges. Key regional ports, including Jebel Ali, are experiencing disruptions or temporary shutdowns. This results in delays, congestion at alternative ports, and rising freight rates. Additionally, equipment shortages are emerging as containers remain stuck in the Gulf region.
Air freight is also heavily affected. Since 28 February, several Middle Eastern airspaces have been closed, and multiple airlines have suspended or rerouted flights. This reduces global air cargo capacity, increases transit times, and puts upward pressure on rates. We are therefore actively managing and monitoring airfreight shipments to minimize the impact on your cargo.
Because the situation can vary by destination, transport mode, and even per individual shipment, we will continue to update you personally. Major developments will be communicated directly by email. For ongoing updates, you can also follow our live blog, where we will publish all latest information.