Strait of Hormuz sees strongest shipping activity since start of war

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Singapore: At least 35 cargo carriers crossed the vital waterway on Monday, making it the busiest day for commercial shipping across the Strait of Hormuz since the start of the regional crisis, according to marine tracking company Kpler. The number indicates that shipowners are gradually regaining confidence following months of disruption, and it represents the biggest daily traffic since the war started in late February.

Following recent diplomatic developments between the United States and Iran, the Strait of Hormuz, which normally transports around one-fifth of the world's oil and LNG exports, saw an increase in vessel movements as security conditions improved.

Ship-tracking data showed several crude oil tankers safely leaving the Gulf, while seven Qatar-linked LNG carriers re-entered the canal, indicating a cautious restart of gas exports from the Gulf. Some formerly delayed super tankers also completed their journey, indicating a growing optimism that commercial navigation can resume despite ongoing security concerns.

With the improvements, shipping businesses are still apprehensive. Many operators continue to examine risks associated with insurance costs, potential congestion, and the long-term viability of the truce and ongoing talks. Analysts believe that sustainable recovery in maritime traffic will require continuous regional stability and increased confidence among shipowners and insurers before vessel numbers return to pre-war levels.