Shipping through the Strait of Hormuz remains significantly restricted amid persistent security risks. US authorities have announced the launch of a $20 billion reinsurance program designed to encourage shipping companies to return to the route. Washington believes the new scheme should reduce insurance risks and support the restoration of cargo flows through one of the world’s key energy and trade corridors.
Amid the instability, major shipping companies have begun adjusting rates. Container line MSC announced the introduction of temporary emergency fuel surcharges for shipments from the Mediterranean and Black Sea regions to the Indian subcontinent, the Red Sea, and East Africa. The new rates take effect in March and include additional charges for dry and refrigerated containers, depending on the destination. The company also announced similar adjustments for shipments from Europe to Southern Africa.
At the same time, logistics operators are increasingly using alternative shipping routes. According to DHL, the role of multimodal and road routes through the Middle East is growing, including transport corridors through Saudi Arabia and Oman. Forwarders also recommend routing cargo through the Saudi ports of Jeddah Islamic Port, Port King Abdullah, and Port of Yanbu, where new maritime services have been launched in partnership with Maersk and Hapag-Lloyd, connecting the region with key Asian ports.