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العربية

ZIM shipping

Energy

How the Iran War Rerouted Global Shipping: The Cape of Good Hope Economics Explained

The Strait of Hormuz handled roughly 20% of global seaborne oil before the Iran war. Today, with Maersk, CMA CGM, MSC, and Hapag-Lloyd all suspending Hormuz transit and P&I insurance cancelled as of March 5,…

Mar 23, 2026

container ship cargo vessel ocean shipping route Africa Cape of Good Hope - Photo by Andrew Harvard

Business

Shipping Companies Reroute Around Africa: The $8 Billion Monthly Cost of Avoiding Hormuz

Maersk, CMA CGM, MSC, and Hapag-Lloyd have all suspended Hormuz transit and are routing vessels around the Cape…

Mar 21, 2026