#Routes

The Blockade of the Strait of Hormuz Reshapes Routes and Raises Freight Rates in Global Maritime Transport

The blockade of the Strait of Hormuz necessitates a structural redefinition of global cargo flows, with fleets being redirected to longer alternative routes. Approximately 20% of the world's oil and one-third of liquefied natural gas pass through this corridor, and maritime freight rates have seen double-digit increases. The prolonged nature of this situation projects sustained volatility in import and export tariffs, impacting foreign trade margins.