Lloyd’s List Intelligence data shows the pace of vessel transits across the Strait of Hormuz picked up over the weekend with at least 16 vessels crossing the chokepoint since Friday. Twelve of those vessels sailed through the new route that transits Iranian territorial waters

Iran has created a de facto ‘safe’ shipping corridor through its territorial waters in the Strait of Hormuz, offering vetted vessels passage in exchange for approval — and in at least one case, a reported $2m payment

While Iranian-linked tonnage still dominates Strait of Hormuz transits, there is evidence that other nations are growing in confidence their vessels will be safe from attack if they enter the chokepoint

As the Middle East crisis enters its second week, the picture of who is willing to transit and who isn’t is becoming clear: shadow fleet tankers are passing through, with compliant passes mostly limited to Dynacom. Meanwhile, a vessel has loaded in Iran’s Jask terminal south of the strait for only the fifth time in five years

An Iran-trading VLGC was transiting eastwards through Hormuz on Friday morning. LPG carries typically carry highly flammable propane and butane, making the already high-risk transit even more dangerous

President Trump’s announced plan to escort ships through the Strait of Hormuz and provide war risk insurance has been met with scepticism by the shipping industry, which is awaiting further details. Meanwhile a limited number of vessels, mainly Greek-owned, are continuing to pass through the strait