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The Week in Charts: Iran-linked vessels continue to transit Hormuz despite US blockade | US claims right to seize Iran-linked vessels anywhere beyond neutral waters

  • At least eight vessels had crossed the US blockade line by Thursday last week despite the announcement of the US blockade
  • US Navy claims right to board and seize Iran-linked vessels anywhere on open seas, not just within blockade zone
  • UN warns of an ‘agrifood catastrophe’ as fertiliser shipments stall in the Strait of Hormuz

Lloyd’s List’s weekly showing of the data and figures behind our news, analysis and markets coverage

AT LEAST eight vessels had transited the Strait of Hormuz westbound by Thursday last week heading for Iranian ports or to load Iranian cargo, despite the US blockade coming into force, wrote senior reporters Ece Göksedef and Joshua Minchin.

Two Iranian shadow fleet* crude oil tankers, Alicia (IMO: 9281695) and RHN (IMO: 9208215), transited the strait in ballast on April 14 and 15 respectively.

Both vessels were signalling “for orders” as their destination on Automatic Identification Systems, which is a method commonly used by shadow fleet vessels to help hide a final port of call. Both tankers are sanctioned and have a history of loading Iranian cargo, according to Vortexa data.

 
 
 

 

US claims right to seize Iran-linked vessels anywhere beyond neutral waters

The US Navy issued an updated advisory that significantly broadens the scope of its naval blockade of Iran, asserting the right to board and seize Iran-linked vessels regardless of their location on the open seas, wrote reporter Peter Guo.

The accompanying contraband list is so expansive that it effectively constitutes a total maritime embargo on the Iranian economy.

The updated guidance, published on April 16 by the US Central Command, comes days after the navy began enforcing the blockade on April 13. The blockade initially applied to the entire Iranian coastline, including all ports and oil terminals.

 

 

UN body warns of ‘agrifood catastrophe’ amid fertiliser shortage

Oil shortages dominate the headlines surrounding the Strait of Hormuz, but the UN’s Food and Agriculture Organization (FOA) has warned of inflated food prices if fertiliser does not start to move through the chokepoint more freely, wrote senior reporter Joshua Minchin.

FAO chief economist Maximo Torero said the “clock was ticking” and warned that poorer countries were most at risk of scarce and expensive fertiliser as a result of the disruption in the Middle East Gulf.

Between 20%-45% of key agrifood energy inputs move through the Strait of Hormuz, the FAO said, with around a third of global fertiliser relying on passage through the chokepoint too.

 

 

Strong freight markets subdue recycling as high-value chemical tankers sold for scrap

Ship recycling sales activity remains at low levels, as strong freight markets continue to reduce incentives for shipowners to scrap ageing tonnage, reported markets editor Rob Willmington.

Nevertheless, some significant sales were reported by cash buyers in the past two weeks.

They include a trio of 1990s-built high-specification chemical tankers, which were sold by Norwegian owners to Indian ship recyclers.

The sales comprised the 1997-built, 37,500 dwt Bow Faith (IMO: 9114232), which was sold by Odfjell for an exceptionally high $945 per light displacement tonne. The strong price was attributed to its stainless steel cargo tanks and 2,300 tonnes of remain on board bunkers.

 

 

Shipowners in limbo as US Iran blockade raises more questions than answers

The US’ latest move to block all maritime traffic entering and leaving Iranian ports has plunged shipowners into fresh uncertainty — with key questions about enforcement mechanisms and the status of vessels that have paid transit fees to Iran still unanswered, reported APAC editor Cichen Shen.

The blockade narrows the scope of president Trump’s earlier threat to block all traffic through the Strait of Hormuz, with US Central Command confirming that freedom of navigation for non-Iranian port traffic will not be impeded.

 

 

 

 

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