Tag: Israel-Iran Conflict

Maersk has released a statement explaining that it has suspended vessel calls at the Port of Haifa, Israel, for Maersk-operated vessels due to the Israel-Iran conflict

The ongoing conflict between Israel and Iran has significantly increased insurance costs for ships navigating the Red Sea and Persian Gulf, reflecting growing concerns over maritime security in the region.

Israel has jeopardized maritime safety by attacking Iranian energy infrastructure along the Persian Gulf coastline, a senior Iranian official stated on 18 June.

According to Intermodal, escalating tensions in the Middle East have renewed focus on the Strait of Hormuz as a strategic chokepoint, heightening concerns over potential disruptions to global oil flows.

Amid ongoing regional tensions and evolving threats, Ambrey assesses persistent elevated risk to Israel-linked vessels in the Red Sea, with potential risk escalation for US, UK, and allied shipping should military actions against the Houthis or Iran resume.

According to Xclusiv Shipbrokers, VLCC insurance has jumped to 0.70-0.80 dollars, with freight rates escalating sharply too due to the Israel-Iran conflict. 

According to Gibson, long-standing tensions between Israel and Iran escalated sharply overnight, with tanker markets potentially affected.

Dryad Global has issued a maritime security update, highlighting a volatile regional security landscape marked by military escalation, electronic interference and increased risks to commercial vessels in the Arabian Gulf, Strait of Hormuz, Gulf of Oman and Northern Arabian Sea.

Drewry has analyzed scenarios and alternatives regarding the impact of a hypothetical closure of the Strait of Hormuz.

Frontline, the owner of the Front Eagle involved in a maritime collision with the tanker Adalynn, confirmed the incident was a navigational accident and not connected to the ongoing regional conflict between Israel and Iran.