Need Regular Updates on Iran/Gulf Situation? Veson Has It Covered

It’s good to know that Veson has a regular news blog going if you are in the Marine/Cargo sectors;

Key takeaways from their latest analysis:

• Vehicle Carrier Rates Rising Despite Demand Loss: With 17 carriers anchored and all liner services suspended in the Persian Gulf, the VesselsValue (a Veson Nautical solution) 1-Year TC Index for 6,500 CEU stands at 50,000 USD/day — up 13% vs. the January-February average — as rerouting and modal shifts tighten effective supply.

• Gulf Car Trade Significantly Exposed: The UAE, Saudi Arabia, and neighboring Gulf states collectively imported over 900,000 Chinese light vehicles last year; a sustained closure could remove c.15% of China’s seaborne vehicle exports and c.10% of global Vehicle Carrier demand.

• Energy Prices Skyrocket: TTF prices have more than doubled since the conflict began, including a 20% surge since March 18 following damage to the Ras Laffan LNG terminal in Qatar.

• Domino Effects of Energy Supply Constraints Materialize: As trade lane disruptions continue, the resulting supply shortages are beginning to leave their mark. Tile and sanitaryware factories in the ceramics hub of Morbi, India, have temporarily shuttered due to propane and natural gas shortages, an impact that is likely to be more widely seen in the weeks ahead.

Stay up to date with Veson’s timely analysis on our Shipping Interrupted blog.