Hormuz Security Collapses After Container Ship Attack, Traffic Falls to Multi-Week Low

## Hormuz Security Collapses After Boxship Attack The security situation in the Strait of Hormuz has deteriorated sharply following a weekend attack on a 7,000 TEU container vessel operated by Global Feeder Shipping, according to Splash247. The vessel caught fire after the attack, forcing its crew to abandon ship. All crew members have since been rescued, though the incident has sent shockwaves through the commercial shipping community. The attack triggered a new round of strikes between the United States and Iran, further destabilising one of the world's most critical maritime chokepoints. Shipping data cited by Reuters and reported by gCaptain showed the number of vessels transiting the Strait of Hormuz fell to multi-week lows on Sunday, as operators and charterers reassessed the risk of routing cargo through the waterway. Approximately 20% of the world's oil supply and significant volumes of liquefied natural gas pass through the Strait of Hormuz annually, making any sustained disruption to traffic a matter of global economic concern. War risk insurance premiums for vessels transiting the region are expected to rise sharply in the wake of the incident, and several major operators are understood to be evaluating alternative routing options, including the longer Cape of Good Hope diversion. The attack on the Global Feeder Shipping vessel represents one of the most serious maritime security incidents in the region in recent months and underscores the fragility of the security environment in the Persian Gulf. Industry bodies including BIMCO and Intertanko are expected to issue updated guidance to members in the coming days. --- ## Also In Brief **South Korean Navy Recovers Missing Seaman Near North Korean Border** The South Korean navy recovered the body of a seaman early Monday morning who had gone missing at sea over the weekend near the maritime border with North Korea, according to Reuters via gCaptain. The navy confirmed the recovery in an official statement. Circumstances surrounding the incident remain under investigation. **Turkey and Egypt Block LGBTQ Cruise Ship Entry** Turkey and Egypt have refused port entry to a cruise vessel carrying more than 1,900 LGBTQ tourists, Bloomberg reports via gCaptain. Turkey cited 'moral values' as the basis for the denial. The incident highlights the operational and reputational risks cruise operators face when routing itineraries through jurisdictions with restrictive social policies, and is likely to prompt renewed scrutiny of port-of-call selection processes within the cruise industry. **Burns Harbor to Bring Ocean Container Service to Chicago** In a significant development for US inland logistics, Ports of Indiana-Burns Harbor is preparing to open a new ocean-served container terminal this year, according to Splash247. Located in Portage, Indiana, approximately 20 miles from Chicago, the facility will give America's third-largest city its first effective ocean container gateway via an all-water route, potentially reshaping supply chain options for Midwest shippers.