Show HN: Hormuz Crisis Dashboard Real-time shipping disruption tracker
8 hours ago
- #Oil Prices
- #Shipping Crisis
- #Strait of Hormuz
- The Strait of Hormuz is closed following US-Israeli strikes on Iran, disrupting 20% of global oil supply.
- Commercial shipping is suspended, with ~0 ships detected today vs. a daily average of ~138.
- AIS reliability is compromised due to ships turning off transponders and electronic warfare.
- ~3,200 ships (4% of global tonnage) are idle in the Gulf region, affecting ~100 container ships (10% of global fleet).
- Oil prices have surged: Brent crude at $83.74 (+16.3%), WTI at $74.42 (+14.5%), and US gas at $3.19/gal (+7.4%).
- Carriers have suspended transits through Hormuz, with emergency surcharges ranging from $1,500-$4,000/TEU.
- Multiple vessels are trapped in the Gulf, with some carriers declaring 'End of Voyage' for Gulf-bound cargo.
- Alternative routes like the Cape of Good Hope add 10-14 days to transit times, disrupting supply chains.
- Impacts include higher fuel costs, fertilizer and food transport price surges, and delays in Asia-Europe container routes.
- War risk insurance premiums have increased 8x, with VLCC transit costs rising from $125,000 to up to $1,000,000 per passage.