Shipping Trade
Hormuz shipping pressure kept tanker-route exposure in focus.
Shipping & Trade
Shipping & Trade
Routes, tankers, freight, trade flows.
Red Sea/Bab el-Mandeb disruption persisting; majority of Asia-Europe box traffic still diverting via Cape. Capesize firm on Atlantic tightness; clean tanker basin split. Hormuz war-risk premia sticky.
20Total routes
18Fresh data
6Open alerts
Containers (+2.26% WoW)Top mover
Chokepoint disruption
Suez / Red Sea65%
Partial re-routing in effect; container + clean-tanker traffic still diverting via Cape.
Updated 2026-04-20
Bab el-Mandeb58%
Elevated insurance premia; transit levels ~40% of long-run normal.
Updated 2026-04-20
Bosporus / Dardanelles22%
Turkish Straits regulations tightened post-2025; queue days elevated for crude tankers.
Updated 2026-04-19
Strait of Hormuz18%
Heightened war-risk zone designation remains; transits steady.
Updated 2026-04-19
Panama Canal8%
Draft levels fully restored after 2025 drought; transit slots near full capacity.
Updated 2026-04-20
Malacca / Singapore5%
Normal operations. Bunker supply at Singapore well-stocked.
Updated 2026-04-20
Cape of Good Hope (diversion)0%
Primary diversion route out of Suez/Red Sea. Adds 10–14 voyage days vs. direct.
Updated 2026-04-20
Active alerts
SCFI composite published normally; inside weekly cadence window.
scfi weekly cadence window
Suez Canal Authority tariff feed last updated 8 days ago — acceptable but monitoring.
suez tariff feed age > 168h
C5 Baltic value vs FFA-derived model diverges 8.8%; flag for evidence review.
reported gross diverges from modeled by > 8%
Panama toll assumption on USG→China VLCC older than 30 days; refresh recommended.
canal toll assumption age > 30d
Baltic Exchange published methodology note for TC14 — no change to settlement logic.
benchmark status transition
SCFI Shanghai→USWC net -9.6% WoW — transpac spot soft, carriers cutting.
net WoW < -8%
Suez/Red Sea disruption persisting above 0.5 for 84h; Asia-NWE box lane Cape-routed.
suez_red_sea disruption > 0.5 for > 72h
Hormuz elevated war-risk zone designation extended — insurance premia sticky.
hormuz disruption persisting
Routes by family
Dirty Tankers 4
TD3CDirty Tankers
MEG → China VLCC
Ras Tanura → Ningbo · baseline 52d
Strait of Hormuz (1.0)Malacca / Singapore (0.6)
TD20Dirty Tankers
WAF → UKC Suezmax
Bonny → Rotterdam · baseline 32d
No chokepoint exposure
TD22Dirty Tankers
USG → China VLCC
Houston → Qingdao · baseline 68d
Panama Canal (0.3)Cape of Good Hope (diversion) (0.2)
TD15Dirty Tankers
West Africa → China Suezmax
Malongo → Ningbo · baseline 48d
Cape of Good Hope (diversion) (0.5)Suez / Red Sea (0.3)
Clean Tankers 5
TC2Clean Tankers
UKC → USAC MR
Amsterdam → New York · baseline 22d
No chokepoint exposure
TC14Clean Tankers
USG → UKC MR
Houston → Amsterdam · baseline 24d
No chokepoint exposure
TC5Clean Tankers
MEG → Japan LR1
Ruwais → Chiba · baseline 36d
Strait of Hormuz (1.0)
TC17Clean Tankers
MEG → East Africa LR1 (clean)
Jebel Ali → Mombasa · baseline 28d
Strait of Hormuz (1.0)Bab el-Mandeb (0.6)
TC-MR-EASTClean Tankers
MEG → UKC MR (via Suez when possible)
Jubail → Amsterdam · baseline 45d
Strait of Hormuz (0.9)Suez / Red Sea (0.6)Bab el-Mandeb (0.6)
Capesize (Dry Bulk) 5
C5Capesize (Dry Bulk)
W Aus → Qingdao Capesize
Port Hedland → Qingdao · baseline 22d
No chokepoint exposure
C3Capesize (Dry Bulk)
Tubarao → Qingdao Capesize
Tubarao → Qingdao · baseline 45d
Cape of Good Hope (diversion) (0.3)
C14Capesize (Dry Bulk)
China–Brazil round
Qingdao → Tubarao → Qingdao · baseline 88d
No chokepoint exposure
C10Capesize (Dry Bulk)
Pacific round voyage
Qingdao → Port Hedland → Qingdao · baseline 42d
No chokepoint exposure
C7Capesize (Dry Bulk)
Bolivar → Rotterdam Capesize
Bolivar → Rotterdam · baseline 34d
No chokepoint exposure
Containers 3
SCFI-SHA-NWEContainers
Shanghai → NWE containers
Shanghai → Rotterdam · baseline 36d
Suez / Red Sea (0.7)Bab el-Mandeb (0.7)Malacca / Singapore (0.8)
SCFI-SHA-MEDContainers
Shanghai → Mediterranean containers
Shanghai → Genoa · baseline 34d
Suez / Red Sea (0.8)Bab el-Mandeb (0.7)
SCFI-SHA-USWContainers
Shanghai → USWC containers
Shanghai → Long Beach · baseline 18d
Malacca / Singapore (0.0)
LNG 3
BLTG-MEG-JKMLNG
MEG → JKM 174k cbm LNG
Ras Laffan → Futtsu · baseline 34d
Strait of Hormuz (1.0)Malacca / Singapore (0.7)
LNG-USG-JKMLNG
USG → JKM 174k cbm LNG
Sabine Pass → Futtsu · baseline 42d
Panama Canal (0.5)Suez / Red Sea (0.3)
LNG-USG-NWELNG
USG → NWE 174k cbm LNG
Sabine Pass → Zeebrugge · baseline 20d
No chokepoint exposure
Latest coverage
Policy
Investors are weighing whether the logistics giant’s recent strategic catalysts will offset intensifying competition from Amazon’s expanding freight network.
Shipping Trade
Mediator claims draft is settled while Washington signals dissatisfaction with the latest offer, keeping shipping risk in the Strait of Hormuz unresolved.
Shipping Trade
Tehran's foreign minister claims renewed US interest in a peace resolution, complicating diplomatic efforts as Tehran's envoy meets Putin in Moscow.
Shipping Trade
Diplomatic signals suggest a potential easing of the blockade, though markets remain wary of a fragile truce in the critical energy chokepoint.
Shipping Trade
Pentagon figures underscore the economic toll of the maritime cordon, reinforcing the supply-risk premium driving energy markets higher.
SANCTIONS
Draft memorandum signals Tehran's willingness to restore shipping flows in exchange for sanctions relief, raising stakes for energy markets and diplomatic negotiations.
Shipping Trade
The contraction underscores the widening economic toll of the Middle East conflict, compounding global growth concerns as the OECD slashes forecasts and Chinese manufacturing slows.
Shipping Trade
Diplomatic channels de-escalate the immediate threat of armed conflict, removing a key upside driver for energy and shipping risk premiums.
Shipping Trade
The White House targets the central hub for Tehran's crude exports, escalating military pressure and triggering a sharp repricing in energy futures.
Shipping Trade
Escalating rhetoric on Iran's primary export hub deepens Strait of Hormuz shipping risk and keeps crude prices elevated.
Shipping Trade
Escalating rhetoric raises the risk of a wider Middle East conflict, keeping energy and shipping routes in the crosshairs.
REGULATORY
Washington escalates military pressure on Tehran amid collapsed diplomacy, triggering fresh volatility in energy and freight routes.
Shipping Trade
S&P 500 defies war backdrop to hit record highs, but sentiment is shifting as fresh strikes dim hopes for a quick resolution.
Shipping Trade
Diplomatic breakdown fuels oil volatility and shipping insurance spikes as markets price in prolonged Middle East instability.
Shipping Trade
The White House is weighing military action against Tehran, a sharp pivot from recent diplomatic optimism that is likely to sustain energy risk premiums.
Shipping Trade
Geopolitical friction over stalled nuclear negotiations adds to oil and shipping risk premiums, with markets pricing in prolonged Middle East uncertainty.
Shipping Trade
Amazon's move to open its trucking network to external shippers intensifies competitive pressure on legacy freight carriers, testing the resilience of recently spun-off entities like FedEx Freight.
Shipping Trade
Hardening rhetoric from the White House raises the risk of a military escalation in the Gulf, keeping energy and shipping markets on edge.
Shipping Trade
Escalating rhetoric raises the risk of a wider Middle East conflict, with energy markets bracing for potential supply disruptions.
Shipping Trade
Escalating threats from the White House heighten Strait of Hormuz shipping risks and keep energy markets on edge.
Shipping Trade
The SPAC-listed EV trucking maker joins a logistics sector reshaping under Amazon's third-party expansion and persistent route risks.
Shipping Trade
The e-commerce giant's expansion into third-party logistics intensifies competition for legacy carriers, adding to structural pressure on freight equities.
Labor
Escalating rhetoric from the White House deepens uncertainty over a potential sanctions-relief deal, keeping energy and shipping risk premiums elevated.
Shipping Trade
Escalation in the chokepoint raises immediate shipping risk and energy-flow disruption fears as Washington vows a response to the downing of the U.S. Army aircraft.
PRODUCT
US Launches Strikes Against Iran After Helicopter Shot Down.
Shipping Trade
Escalating military action, broken diplomatic truces, and deeply pessimistic consumer sentiment trigger risk-off repricing across energy, freight, and equities.
Shipping Trade
Escalation in the Strait of Hormuz raises energy supply risks and broadens geopolitical exposure for global markets.
Shipping Trade
CENTCOM confirms missile launch sites and boats targeted as self-defense operation follows Apache shootdown, escalating shipping risk in the critical chokepoint.
Shipping Trade
Escalation in the Strait of Hormuz raises shipping risk and energy supply fears as Washington balances military retaliation with diplomatic de-escalation.
Shipping Trade
The incident marks a direct kinetic escalation in the region, raising the risk of broader military retaliation and further disrupting critical energy shipping lanes.
Shipping Trade
The incident marks a direct kinetic escalation in the corridor, raising the risk of prolonged shipping disruption and energy-flow interruptions.
Shipping Trade
Probability of normal shipping resuming before year-end drops to 34% as geopolitical pressure on the critical chokepoint intensifies.
Shipping Trade
Probability of normal shipping resuming before year-end drops to 34% as geopolitical pressure on the critical chokepoint intensifies.
Shipping Trade
The incident in the Strait of Hormuz area escalates regional tensions and raises fresh concerns over shipping and energy supply risks.
Shipping Trade
Strategic infrastructure shifts signal deepening trade-route disruption and rising long-term energy logistics costs.
Shipping Trade
Surging AI-related shipments offset broader manufacturing slowdown, complicating the narrative that Mideast conflict is choking Chinese growth.
REGULATORY
Escalating military friction in Beirut forces Washington to recalibrate leverage as Tehran threatens to abandon long-term nuclear constraints.
Shipping Trade
Shipping risk and geopolitical pressure on trade routes.
Energy
Rising geopolitical risk in the Middle East is driving capital outflows from developing economies, with the Indian rupee among the hardest hit.
Shipping Trade
Tehran's conditional ceasefire leaves energy and defense markets exposed to a potential escalation if Israeli operations in Lebanon continue.
Shipping Trade
U.S. president signals pressure on Netanyahu to avoid wider war, raising stakes for energy markets and regional stability.
PRODUCT
The escalation threatens to destabilize the fragile ceasefire and could trigger broader market volatility.
REGULATORY
Escalating geopolitical pressure in the region is reshaping market priorities, with oil and gas now at the center of global energy strategy discussions.
REGULATORY
The latest setback raises concerns over regional stability and its ripple effects on global markets.
Shipping Trade
Escalating tensions between the U.S. and Iran cast a shadow over regional stability and energy markets.
REGULATORY
The evolving political dynamics could heighten uncertainty in markets sensitive to Middle East stability.
REGULATORY
The deal, conditional on Hezbollah actions, could ease regional tensions and influence.
Shipping Trade
The potential deal could ease regional tensions and impact global markets.
Shipping Trade
Escalating military tensions between the U.S. and Iran are casting a shadow over ongoing peace negotiations and fueling market uncertainty.
Shipping Trade
Hormuz shipping pressure kept tanker-route exposure in focus.
Shipping Trade
The development could shift risk sentiment in energy and shipping markets.
Energy
Geopolitical tensions are spilling into agricultural markets, with Australia's wheat sector facing new headwinds.
Shipping Trade
The move raises concerns over renewed instability in the Strait of Hormuz, a critical global energy chokepoint.
Shipping Trade
Hormuz shipping pressure kept tanker-route exposure in focus.
Energy
The political landscape in Ethiopia is evolving against a backdrop of deepening regional instability.
Energy
The attack adds pressure to fragile ceasefire efforts and raises concerns over broader regional instability.
REGULATORY
Investors remain cautious as uncertainty lingers over U.S.-Iran negotiations following President Trump's comments.
Energy
Escalating tensions in the Middle East are weighing on global trade flows, with China's factory output showing signs of strain.
Shipping Trade
Investors face a tighter window for clarity as prolonged conflict risks spillover into energy markets.
Shipping Trade
The order reflects sustained demand for shipping capacity amid elevated route risks.
Shipping Trade
Hormuz shipping pressure kept tanker-route exposure in focus.
Shipping Trade
The U.S. president outlines non-negotiable terms for ending the conflict, raising questions about the path forward.
Shipping Trade
The proposed deal could ease regional tensions and reduce market volatility linked to Middle East instability.
REGULATORY
Investors are weighing renewed military activity from Iran against signs of a potential truce with the U.S., creating uncertainty in regional markets.
Shipping Trade
The development adds a new layer of complexity to ongoing geopolitical tensions.
Shipping Trade
The shipping company's performance highlights renewed strength in the sector amid shifting trade dynamics.
Shipping Trade
The renewed military activity has intensified concerns over the stability of a critical global energy chokepoint.
Shipping Trade
Fresh military confrontations between U.S. and Iranian forces have intensified concerns over the stalled peace process, casting doubt on a resolution to the ongoing conflict.
Shipping Trade
The U.S. president's skepticism could delay diplomatic progress and heighten market uncertainty.
Shipping Trade
The statement adds to uncertainty over how geopolitical tensions might evolve in the region.
Shipping Trade
The rejection adds uncertainty to the critical shipping corridor, with energy and freight markets closely monitoring developments.
Shipping Trade
The development eases shipping risk concerns, with traders reassessing exposure to the critical energy corridor.
Shipping Trade
Escalating shipping risks are driving vessels away from Norwegian registries, with 50 ships having flagged out since early 2025.
Energy
US Touts Iran Deal Prospects Even as Tensions Fester.
Shipping Trade
The firm anticipates continued disruption to a key global oil transit route, raising concerns over energy markets.
Shipping Trade
Investors are recalibrating their exposure to transport names after recent volatility linked to trade policy uncertainty.
Shipping Trade
The partial reinstatement could signal a shift in policy amid ongoing geopolitical tensions in the region.
Shipping Trade
Hormuz shipping pressure kept tanker-route exposure in focus.
Shipping Trade
The surge in cape size freight rates is reshaping trade route risk assessments for cargo owners and insurers.