Reopening strait of Hormuz would have limited impact on cargo flows, says Maersk (www.theguardian.com)
from morysal@lemmy.world to world@lemmy.world on 07 May 13:12
https://lemmy.world/post/46543931

The fact global shipping now treats “possible closure of the Strait of Hormuz” as something that can be worked around is honestly kind of insane on its own.

#world

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AshMan85@lemmy.world on 07 May 13:23 next collapse

then what is the fucking problem?

Bustedknuckles@lemmy.world on 07 May 13:43 next collapse

Fuel/oil Maersk, if I recall, does container shipping and has other ways of moving boxes, but all of them burn fuel

AshMan85@lemmy.world on 07 May 14:41 collapse

And oil isnt moving because the straight is closed.

ugjka@lemmy.ugjka.net on 07 May 14:09 collapse

Yeah all tankers are now on the way to Americas, because they have oil too. US shale oil is now profitable for instance, they can ramp up production in a month or two and been doing that

Nighed@feddit.uk on 07 May 13:41 next collapse

The main issue in the short term was ships being stuck and ships not being able to get to their destinations in there. Now that’s sorted out, it’s just a fuel cost issue.

It’s a dead end in there, you can’t get through it like you can through the red sea into Suez. They are more concerned about that channel. That’s why the french have a carrier group near there, to protect shipping against the houthis instead of joining the US in it’s current mistake.

EvergreenGuru@lemmy.world on 07 May 14:20 collapse

Another issue is that oil supply is lower due to infrastructure damage caused by the war.

ms_lane@lemmy.world on 07 May 16:25 collapse

Where does most global shipping go to and from?

China.

Who isn’t affected by the closure of the strait at all?

China.

Good work Trump, America First!

ryathal@sh.itjust.works on 07 May 17:50 collapse

China depends on Iranian oil, which is why Iran tried the partial blockade to let friendly ships through. That forced the US to try and enforce a full blockade to prevent China from being less affected than everyone else.