Market: Freight, LPG 24/03/26 US president Donald Trump's sudden shift from threats to talks with Iran has done little to revive tanker traffic through the strait of Hormuz. Only two notable crossings were recorded in the past 24 hours, according to MarineTraffic data.The Gas Lucky, an LPG carrier, transited the channel between Qeshm and Larak islands at around 08:00 GMT on Tuesday. The Jasmin, a small tanker carrying fuel oil, sailed westbound into the Mideast Gulf on Monday evening. Traffic through Hormuz remains 95pc below pre-war levels, shipbroker Clarksons said today, averaging four crossings a day over the past week compared with around 125 before the conflict began on 28 February. https://www.argusmedia.com/en/news-and-insights/latest-market-news/2805185-trump-s-shift-in-tone-fails-to-revive-hormuz-traffic?utm_source=chatgpt.com About 300 vessels would normally have passed through the Strait. Shipping companies divert vessels around Cape of Good Hope after strikes on Iran Shipping companies Maersk (MAERSKb.CO), opens new tab, Hapag-Lloyd (HLAG.DE), opens new tab and CMA CGM are rerouting vessels around Africa, away from the Suez Canal and the Bab el-Mandeb Strait, after U.S. and Israeli strikes on Iran and the closure of the Strait of Hormuz. "Due to the deteriorating security situation in the Middle East region following the escalating military conflict, we have decided...to pause future Trans-Suez sailings through the Bab el-Mandeb Strait for the time being," Danish container shipping group Maersk said in a statement on Sunday. The company last month announced a gradual return of some services to the Suez route, seen as a key step towards ending two years of global trade disruption caused by attacks on ships in the Red Sea by Yemen's Houthi rebels. https://archive.ph/vxkAf
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