Bloomberg report that a couple of vessels managed to cross the Strait of Hormuz this past week. Loaded, and heading out were a VLCC and a VLGC. Laden, and heading in, one VLGC.
The vessels exiting the Strait suggest there is still many vessels, especially tankers, still stuck in the MEG ports. Or near ports.
I guess this qualifies as “notable”, but prior to the start of the war the daily traffic was between 100 and 125, so… not really a big deal economically speaking.
Here’s my reasoning - prior to Feb 28, 2026, the vessels entering the Strait of Hormuz vs exiting the Strait of Hormuz was probably closer to even. I’m throwing out a percentage, say 53% entering/47% exiting. Then, there was an event and suddenly, both inbound and outbound drop significantly. If the vessels that were planning inbound trips are in the Arabian Sea, they could choose to wait, or head elsewhere for cargos. As an example, once the Saudis started diverting their crude oil to the Red Sea, an inbound vessel could re-direct to the Red Sea. That option is/was not as available to the loaded vessels that were still in the MEG region.