Container shipping faces intensifying threats in the Strait of Hormuz, with at least 10 vessels attacked since Sunday—including the Singapore-flagged GFS Pride, which sank after being struck by a projectile on Tuesday. UKMTO recorded 12 attacks between Oct. 5 and Oct. 11, the highest weekly total since the U.S.-Iran war began in February. Six vessels were hit on a single Sunday, including five tankers and one container ship. The 2,824-TEU GFS Pride and the Cape Dao are the second and third vessels to sink since the conflict started. Traffic fell to 131 crossings in the week ended Oct. 14, down from 176 the prior week, while oil throughput dropped to 12.6 million barrels per day on Oct. 13.
Container shipping is facing an escalating threat in the Strait of Hormuz, which can impact shippers far from the region.
Escalating attacks on commercial vessels
The attacks this week included the Singapore-flagged GFS Pride, which caught fire and sank with containers still aboard. Maritime authorities reported at least 10 vessels attacked in or near the chokepoint since Sunday, with six incidents on Sunday alone—the highest one-day total since the U.S.-Iran war began in February.
The 2,824-TEU feeder vessel GFS Pride was hit by an unknown projectile on Tuesday while transiting the strait, sustaining damage and a fire before sinking off Oman. Singapore’s Maritime and Port Authority said all 21 crew members were evacuated safely and no injuries were reported.
Iran’s Islamic Revolutionary Guard Corps claimed the vessel struck a naval mine on an “unauthorized” route and was carrying contraband. Singaporean authorities and maritime analysts disputed that account, with the MPA stating the ship was struck by projectiles; CNN reported that experts assessed a drone strike as the more likely cause.
Multiple vessels damaged or sunk
A second Singapore-flagged container ship, the GFS Giselle, was also struck by projectiles and suffered hull damage, but reached safe anchorage under its own power; its 22 crew members were reported safe.
Two other feeder vessels were also hit, including the 2,500-TEU DP World Kaveri operated by a unit of Dubai’s DP World. The GFS Pride and the Antigua and Barbuda-flagged bulk carrier Cape Dao, which sank after being struck on Sept. 23, are the second and third vessels to sink since the conflict began, casualty data.
British security monitor UKMTO data showed 12 vessels reported attacks between Oct. 5 and Oct. 11—the largest weekly total since the war began—following 10 attacks the prior week.
Broader trade and insurance implications
The downstream effect can resonate far beyond attacks in the region. Other carriers may have bought feeder slots on the vessels, suggested analyst Lars Jensen. He noted Maersk (OTC: AMKBY), Ocean Network Express, PIL and OOCL showed active schedules for some of the ships.
Analysts point out that for shippers, war insurance can be cancelled on short notice if cargo moves on a vessel not owned by the carrier listed on the bill of lading.
The violence is beginning to constrain traffic. Analyst Kpler counted 131 crossings through the strait in the week ended Oct. 14, down from 176 the previous week, though the firm cautioned that the decline was not solely attributable to the latest attacks.
Kpler estimated 12.6 million barrels of crude oil moved through the strait on Oct. 13, below the roughly 15 million barrels reported at the end of September.
Source: FreightWaves
Compiled from international media by the SCI.AI editorial team.
