[Caixin] The situation in the Strait of Hormuz continues to escalate, causing Middle Eastern countries’ external logistics to come to a halt. According to ship position data from Caixin, on March 2nd, only 5 ships (carrying 161,000 tons) passed through the Strait of Hormuz throughout the day, all small to medium-sized vessels sailing from the Persian Gulf, with no ships entering the Persian Gulf through the strait. Before the conflict, approximately 130 ships would pass through daily, with an average cargo volume of about 11 million tons per day.
On March 2nd, from 1:00 AM to 11:30 AM, no ships passed through the Strait of Hormuz for over ten hours, which is unprecedented.
According to the ship data platform operated by COSCO Shipping Technology, on March 1st, 44 ships passed through the Strait of Hormuz, carrying a total of 2.6478 million tons of cargo, representing a 63% and 76% decrease compared to the previous day, respectively. It is expected that on March 2nd, the cargo throughput capacity of the strait will drop to less than 10%, approaching zero.
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Strait of Hormuz transit nearly zero, major Middle Eastern ports and logistics at a standstill
[Caixin] The situation in the Strait of Hormuz continues to escalate, causing Middle Eastern countries’ external logistics to come to a halt. According to ship position data from Caixin, on March 2nd, only 5 ships (carrying 161,000 tons) passed through the Strait of Hormuz throughout the day, all small to medium-sized vessels sailing from the Persian Gulf, with no ships entering the Persian Gulf through the strait. Before the conflict, approximately 130 ships would pass through daily, with an average cargo volume of about 11 million tons per day.
On March 2nd, from 1:00 AM to 11:30 AM, no ships passed through the Strait of Hormuz for over ten hours, which is unprecedented.
According to the ship data platform operated by COSCO Shipping Technology, on March 1st, 44 ships passed through the Strait of Hormuz, carrying a total of 2.6478 million tons of cargo, representing a 63% and 76% decrease compared to the previous day, respectively. It is expected that on March 2nd, the cargo throughput capacity of the strait will drop to less than 10%, approaching zero.