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Containers Strait of Hormuz crisis Political Risk and Trade

Major container lines begin MEG withdrawals, but reopening Hormuz won’t stop a broader downturn

  • The global container shipping market is expected to weaken regardless of whether the Strait of Hormuz reopens, according to shipping association BIMCO
  • Chief shipping analyst Niels Rasmussen warned that a structural oversupply problem is already embedded in the market, with fleet capacity growing faster than cargo demand under all foreseeable scenarios

  • Analysis

Freight and charter rates have been supported by Middle East disruptions, tariff-related cargo front-loading and longer routing via the Cape of Good Hope. But these factors are masking deeper structural weakness

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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