Hormuz shipping traffic drops to single digits, data shows
Preliminary ship‑tracking data indicated that only seven vessels transited the Strait of Hormuz on Wednesday, well below the 10‑day average of 14, reflecting heightened geopolitical tension.
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Open on Business Recorder## Hormuz traffic falls to seven vessels
Preliminary ship‑tracking figures released on Thursday showed that just seven vessels moved through the Strait of Hormuz on Wednesday, down from 12 the day before and far below the ten‑day average of 14.
## Composition of movements
Of the seven ships, four exited the strait and three entered. The exits included a very large crude carrier, Finland Prosperity, carrying close to 2 million barrels of crude oil, two dry‑bulk carriers and a short‑range dirty‑products tanker. No LNG tankers were recorded among the exits. The three inbound vessels comprised one dry‑bulk carrier, a short‑range tanker and a medium‑range tanker.
## Untracked vessels
Analysts note that some ships may switch off transponders, meaning the actual traffic could be higher than reported.
## Bab el‑Mandeb activity
In contrast, the Bab el‑Mandeb Strait saw 28 commodity vessels on Wednesday, matching its ten‑day average of 27, with 16 ships entering and 12 exiting.
## Market implication
Reduced traffic through Hormuz often signals escalating regional risk, which can tighten global oil supplies and lift crude prices. Higher oil prices tend to benefit Pakistan’s oil‑and‑gas producers and related energy stocks.