Shipping giants open new fuel routes after Strait of Hormuz blockade

Major shipping companies have begun using alternative transport routes to move fuel following a partial disruption in the Strait of Hormuz, Financial Times (FT) reports.

According to the publication, companies including Mediterranean Shipping Company (MSC), Maersk, CMA CGM, and Hapag-Lloyd have begun organising overland transport routes as an alternative to maritime passage through the area.

The new logistics routes connect ports in the Red Sea and the Gulf of Oman with major Middle Eastern transport hubs, including ports in Saudi Arabia, Iraq, and the United Arab Emirates, helping to bypass the partially blocked Strait of Hormuz.

Vincent Clerc, chief executive of Maersk, the world’s second-largest container shipping company, told the FT that “significant trucking power” had been mobilised. “Both the Saudis and the Iraqis have opened up for a lot of trucks coming from Iraq, from Jordan, from Turkey even.”

By Jeyhun Aghazada