Bimco
Coverage of Bimco in the Nexus archive.
- Shipping transits slow to a trickle as Strait of Hormuz faces “worst-case scenario”
Shipping through the Strait of Hormuz has slowed to a three-week low due to renewed U.S.-Iran tensions, with transits dropping 66.2% week-over-week. Iranian attacks on ships and a U.S. blockade on Iran-linked shipping have caused vessels to avoid the strait, described as a 'worst-case scenario' by maritime experts. The Houthi group further escalated risks by imposing a maritime blockade on Saudi Arabia.
- What happens when the Strait of Hormuz reopens?
The Strait of Hormuz, a critical shipping lane, is set to reopen after nearly four months of closure due to a US-Iran agreement to end the Middle East war. Around 500 ships and 20,000 seafarers are stranded, with challenges including mine clearance and cautious resumption of transits. Full recovery of shipping volumes could take four to six months.
- Apache helicopter gunships showed off their power cleaning up the Strait of Hormuz
Apache helicopter gunships are patrolling the Strait of Hormuz following a June 8 drone strike that damaged one helicopter, with its crew rescued by a U.S. Navy unmanned drone. Despite risks from Iranian drones and fast boats, Apaches are highlighted for their armored resilience and weaponry, including Hellfire missiles and a 30 mm gun, to secure shipping lanes.
- Hormuz transits remain very risky, shipping association says
Bimco, a shipping association, warns that transiting the Strait of Hormuz remains very risky due to a volatile security situation and the threat of mines. The group recommends resuming maritime traffic under the direction of a neutral body like the United Nations.