Tag: Strait of Hormuz

  • Strait of Hormuz Bottleneck: 2 Million TEU Trapped as Vessel Movements Collapse 90%

    Strait of Hormuz Bottleneck: 2 Million TEU Trapped as Vessel Movements Collapse 90%

    The Scale of the Strait of Hormuz Disruption The Strait of Hormuz, the critical chokepoint through which approximately 21% of global oil and 20% of global liquefied natural gas (LNG) flows, faces extraordinary disruption that has paralyzed normal shipping operations. Over two million twenty-foot equivalent units of containerized cargo are currently trapped in the region,…