Source

Aju Press (Lee Nakyeong, 2026-09-15): Hormuz transits fell to 4 vessels on Sept 14 from a pre-war ~125 a day; war-risk premiums are quoted at 40 times normal (a VLCC's cover can run from 250,000 dollars toward 10 million); Shanghai-New York at 9,726 dollars per FEU and China-Khor Fakkan at 10,626 (up 479 percent since Feb 28); Bab el-Mandeb weekly capacity in August was 212,636 TEU, 23 percent of August 2023; Maersk surcharges of 1,800 to 3,800 dollars per box plus 1,000 for Hormuz. The freight and insurance leg: this is the cost that lands on European and US shelves with a one-to-two quarter lag.

Takeaway

Aju Press (Lee Nakyeong, 2026-09-15): Hormuz transits fell to 4 vessels on Sept 14 from a pre-war ~125 a day; war-risk premiums are quoted at 40 times normal (a VLCC's cover can run from 250,000 dollars toward 10 million); Shanghai-New York at 9,726 dollars per FEU and China-Khor Fakkan at 10,626 (up 479 percent since Feb 28); Bab el-Mandeb weekly capacity in August was 212,636 TEU, 23 percent of August 2023; Maersk surcharges of 1,800 to 3,800 dollars per box plus 1,000 for Hormuz. The freight and insurance leg: this is the cost that lands on European and US shelves with a one-to-two quarter lag.