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Shipping at risk in the Strait of Hormuz

20 May 2026

The current crisis is costing shipping millions per day, highlighting why we must accelerate the sector’s decarbonisation Download documents Briefing The Hormuz Strait crisis is costing the shipping industry €340 million a day, demonstrating the industry’s vulnerability to oil and gas price volatili

The ongoing geopolitical instability in the Strait of Hormuz is inflicting severe financial strain on the global maritime industry, with daily losses estimated at €340 million. As vessels like the MT Niovi and Niper transit these critical chokepoints, the volatility in oil and gas prices underscores a fragile supply chain. This crisis highlights the urgent necessity for the sector to accelerate decarbonization efforts to reduce reliance on traditional fuels, ensuring long-term operational resilience for merchant navy fleets navigating Middle Eastern waters.

From a compliance perspective, the heightened threat level necessitates strict adherence to the International Ship and Port Facility Security (ISPS) Code, specifically Part A, Section 4.4 regarding security levels. Furthermore, vessels must ensure full compliance with SOLAS Chapter XI-2, which dictates mandatory security measures for ships and port facilities. Compliance departments must prioritize updated Ship Security Plans (SSP) and rigorous drills, as classification societies like DNV or Lloyd’s Register now demand enhanced risk assessment documentation for any transit through designated high-risk areas in the Persian Gulf.

For masters and navigating officers, the current security climate requires constant vigilance and proactive bridge resource management. These professionals must maintain updated maritime security charts, monitor VHF channels for naval alerts, and ensure the Automatic Identification System (AIS) is managed according to company policy. Navigating officers must prioritize crew safety, execute evasive maneuvering protocols when necessary, and maintain precise logs of all security-related incidents to ensure full legal protection during port state control inspections.

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