NORDEN Warns Hormuz Disruption Is Creating a ‘Two-Tier’ Tanker Market

Danish shipping giant D/S NORDEN has issued a stark warning regarding the escalating Persian Gulf conflict, noting that disruptions in the Strait of Hormuz are fracturing the global tanker market into a distinct two-tier system. While dry cargo operations face severe headwinds, tanker segments are experiencing unprecedented volatility. As transit risks near key ports like Fujairah increase, vessel owners are re-evaluating voyage planning and insurance premiums, significantly impacting the operational efficiency of global merchant fleets navigating these high-risk geopolitical zones.

The operational instability in the Strait of Hormuz necessitates strict adherence to the International Ship and Port Facility Security (ISPS) Code, specifically under SOLAS Chapter XI-2. Compliance departments must ensure that Ship Security Plans (SSP) are updated to reflect current threat levels, as mandated by the IMO’s Maritime Safety Committee. Furthermore, any deviation from standard routes to avoid conflict zones must align with MARPOL Annex VI regarding fuel consumption reporting and classification society requirements for hull integrity and safety management systems, ensuring full regulatory transparency during these volatile transit periods.

Masters and navigating officers are the primary ranks affected by these regional tensions, as they bear the responsibility for real-time risk assessment and bridge resource management. These officers must maintain heightened situational awareness, monitor VHF channels for security broadcasts, and strictly follow BMP5 guidance to mitigate piracy and conflict-related risks. Navigating officers should proactively document all security-related deviations in the deck logbook to ensure compliance with company safety policies and international maritime law during transit.