World Maritime News (128)
June 24, 2026
Hormuz reopening to free 300,000 teu but rate impact still hinges on Red Sea return The reopening of the Strait of Hormuz will free about 50 containerships (around 300,000 TEU, 0.9% of global capacity), so the immediate impact on freight rates will be limited. Shipping lines are prioritizing the retrieval of stranded vessels over the rapid restoration of services in the Middle East Gulf (MEG), while war risk premiums remain high. A portion of the stranded fleet (about 25%) is sanctioned/Iranian


