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Market Chatter: Commodity Vessel Transits Through Strait of Hormuz Stay Low on Tuesday

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The transit of commodity vessels through the Strait of Hormuz on Tuesday remained considerably lower than the 10-day average of 15, at just 5, little changed from the day before, Reuters reported Wednesday, citing preliminary shipping data.

While two liquefied petroleum gas-carrying tankers and one loaded with bitumen departed the Hormuz Strait, two unloaded product tankers sailed into the waterway through the Gulf of Oman, the report said. Four commodity vessels had crossed the waterway on Monday.

The figures may change as some ships turn off their tracking systems while sailing.

Meanwhile, commodity vessel traffic through the Bab el-Mandeb strait remained steady at 31 vessels, consistent with the 10-day average and compared with 29 the previous day, the report said, citing Kpler data.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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