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Hormuz Tanker Surge Peaks

Hormuz Tanker Surge Peaks

Thirty-one loaded LNG carriers departed the Strait of Hormuz in October, the highest number since the war broke out and shipping was disrupted, compared with 23 in September. Of these, 23 were loaded at Qatar’s Ras Laffan and eight at the UAE’s Das Island. Kpler data showed that loaded cargoes rose to 42 from 27 the previous month. Ras Laffan accounted for 35 cargoes, totaling more than 2.7 million tonnes—the highest level since the war began. An analyst at S&P Global Energy said that UAE transits had returned to prewar levels, while Qatar had exceeded 30% of its previous level.

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