US$125bil stranded fleet signals new maritime shock (opens original article in a new tab)

A US$125 billion stranded fleet highlights growing instability in global shipping routes due to disruptions in the Strait of Hormuz.

• About 1,150 cargo vessels are stranded in the Persian Gulf
• Combined vessel and cargo value amounts to US$125 billion
• Disruption in the Strait of Hormuz caused the stranding