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Market Chatter: Strait of Hormuz Vessel Traffic Falls Below 10-Dayb

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Commercial vessel traffic through the Strait of Hormuz has dropped below the 10-day moving average, as security risks linger, according to a Reuters report citing preliminary shipping data.

Ten 10 commodity vessels made the treacherous journey through the strait on Wednesday, below the 10-day moving average of 17, with 9 entering the waterway and one supramax vessel, carrying fertilizers, making its way out.

This data does not include any vessels that may be transiting the strait with their transponders turned off to avoid detection.

Traffic has been significantly below the typical daily average of 125 vessels before the Iran war began on February 28 this year, the report said.

The Bab el-Mandeb strait has witnessed an uptick in traffic, with 27 commodity-carrying vessels transiting on Wednesday, up from 24 a day earlier and above the 10-day average of 26.

Kpler, a leader in maritime shipping data intelligence, did not immediately respond to' request for a comment on this story.

(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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