Automotive sector set for disruption as large vehicle carriers remain stranded in Gulf
- The effective closure of the Strait of Hormuz has severely disrupted automotive shipping operations and left 15 vehicle carriers stranded
- Previously, up to 25 pure car and truck carriers served Middle East Gulf ports on a weekly basis on long-haul services
- The impact is significant as the Middle East is a key export destination for Asian automakers
Operators are scrambling to reroute ships and discharge vehicles at alternative ports, but the situation is likely to add strain and cost to global automotive logistics
