By : Business Editor
Jordan Daily - Tensions in the Strait of Hormuz have significantly disrupted global shipping, Jordan Shipping Association official said on Sunday, describing the waterway as “effectively unsafe” despite remaining officially open.
Mohammad Abdel Hadi, secretary of Jordan’s Shipping Association, said vessel traffic through the strait has dropped sharply, with only 92 ships crossing since early March compared with around 1,400 during the same period last year, reflecting caution among shipping and insurance companies.
Despite the regional tensions, Aqaba port has not been affected and has instead seen increased cargo activity, emerging as a safe alternative route, particularly for goods destined for Iraq and Gulf countries. Six vessels carrying various goods are expected to arrive next week, he added.
Abdel Hadi said shipping and insurance costs have risen modestly due to the disruptions and higher fuel prices, but remain manageable compared with previous crises.
Jordan’s key exports, including phosphate and potash, continue to flow normally to major markets such as India and China, with only slight increases in shipping costs.
He added that authorities are coordinating with global shipping firms to reduce war-risk premiums and ensure steady trade flows.
