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Strait of Hormuz update: VLGCs ballasting from Gulf of Oman; Asian petchem receives a serious blow

Drewry AIS showcases several VLGCs that reached or were idling in the Gulf of Oman have altered course towards the USGC as buyers scramble to procure alternative cargoes for the disrupted Middle Eastern LPG supplies. A series of force majeures in the Asian petchem sector are creating serious concerns for the petchem industry and shipping …

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When the strait closes: How tanker charterers navigate the Hormuz crisis

Tanker chartering professionals are no strangers to volatility. Rate spikes, laycans slipping, last-minute compliance checks,  that is just the backdrop of a normal week. But the crisis that erupted on February 28, 2026 is a different category of disruption altogether. The effective closure of the Strait of Hormuz – one of the world’s most critical …

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