About 10% of global container fleet caught in Hormuz backup, shipping CEO says (www.reuters.com)
from MicroWave@lemmy.world to world@lemmy.world on 03 Mar 00:27
https://lemmy.world/post/43786566

Container ships account for roughly 100 of ​the 750 ships ensnared in the Strait of Hormuz ‌backups following U.S. and Israeli attacks on Iran, Jeremy Nixon, CEO of container carrier Ocean Network Express (ONE), said on Monday.

“About 10% of ​the container ship global fleet is caught up ​in this,” Nixon said at S&P Global Market Intelligence’s TPM26 ⁠container shipping conference in Long Beach.

Maritime insurers ceased covering voyages through ​the strait between Iran and Oman, which carries around one-fifth of ​oil consumed globally as well as large quantities of gas, as Iran retaliated against U.S. and Israeli strikes. The commander of the country’s ​Revolutionary Guards told Iranian state television Monday that any ​ship that attempted to transit the strait would be set aflame.

#world

threaded - newest

workerONE@lemmy.world on 03 Mar 08:47 next collapse

100 ships is 10% of the global container fleet? Wrong

Edit: I think he means that 10% of container ships have routes through there, not that 10% of the ships are there now.

DarkSpectrum@lemmy.world on 03 Mar 08:56 next collapse

maybe the total for that company’s fleet?

Nighed@feddit.uk on 03 Mar 14:27 next collapse

Could be by capacity maybe? Wouldn’t think the ports there are big enough for that either though.

hector@lemmy.today on 03 Mar 16:11 collapse

It does seem very small, what is the real number do we know?

hector@lemmy.today on 03 Mar 16:13 collapse

Here I thought they had the capability to mine the straits, even with the US navy.