Container Ships Stuck in Persian Gulf as Hormuz Conflict Paralyzes Traffic [Yahoo! Finance]
COSCO SHP HLDG UNSP/ADR (CICOY)
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Source: Yahoo! Finance
As of Thursday morning, 87 cargo ships are continuing regional port calls throughout the Persian Gulf, according to data from MarineTraffic. Another 37 are trying to exit but are unable to leave via the 21-mile-wide waterway. More from Sourcing Journal Attack on Container Ship in Strait of Hormuz Triggers Wider Gulf Shipping Disruptions Minus Panama, Hutchison's Global Terminals May Still be in Play 'You Can't Insure Your Assets There': ONE CEO Warns as Shipping Skirts Hormuz “This does not mean operations inside the gulf continue normally,” said Isabella Koustas Murcia, product marketing manager at MarineTraffic, in a Thursday post. “While some vessels still have scheduled calls at Gulf ports, activity is significantly reduced. Many ships hold offshore rather than approaching terminals, positioning themselves outside potential strike zones as port infrastructure remains at risk.” CMA CGM has 14 vessels inside the Persian Gulf, the most among any container shipping compan
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