Hormuz transits remain subdued; Asia-US container rates rise, tanker rates steady to softer

AI Summary

Despite ongoing negotiations between the US and Iran, vessel traffic through the Strait of Hormuz remains low amid renewed hostilities. US President Donald Trump announced an end to the ceasefire after both countries had previously agreed on a memorandum of understanding.

Vessel traffic remains subdued through the Strait of Hormuz as negotiations continue between the US and Iran, but US President Donald Trump said in a social media post that the ceasefire was over. Hostilities reignited on Thursday after the two nations had previously signed a memorandum of understanding (MoU) and entered a ceasefire. According to ...