Shipping through Hormuz declines as Red Sea traffic drops to lowest since June 1: S&P Global
New Delhi, Aug. 5 -- Shipping activity through the Strait of Hormuz declined further on August 3, with total crossings falling to 15 from a revised 19 a day earlier, while vessel traffic through the Bab el-Mandeb Strait dropped to its lowest level in over two months amid fresh maritime security concerns, according to an S&P Global report.
The report, said, "Crossings through the Strait of Hormuz reached 15 on August 3, down from a revised figure of 19 a day earlier," based on data from S&P Global MINT and S&P Global Commodities at Sea.
It also highlighted a fresh maritime security incident, noting that "The UK Maritime Trade Operations center reported a fresh security incident on the evening of August 3, with a cargo vessel struck by an...
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