Hormuz crisis impact on box shipping remains ‘highly localised’ unlike Red Sea disruption
- The Hormuz crisis mostly disrupted nearest transhipment hubs where carriers were forced to discharge their volume
- This localised yard density is different from traditional berth congestion, Sea-Intelligence said in a report
The absence of a ‘severe’ delay spike, near-total evaporation of vessel arrivals and rampant service cancellations indicates that the Hormuz crisis has ‘not yet manifested as a global event’
