Hormuz Transits Hit Three-week High, VLCC Rates Explode

Non-Iranian linked transits through the Strait of Hormuz climbed to 97 last week, according to preliminary data from London-based Lloyd’s List Intelligence. While the final number will be adjusted as analysts at Lloyd’s are able to confirm dark transits, right now the data suggest that transits were at a three-week high between Sept. 7 and Sunday. The weekly average over the last three weeks, which is expected to increase, is 88, according to Lloyd’s List Intelligence. In comparison, the weekly

Source: USNI News