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Exiger has published independent research generated by its AI platform 1Exiger that identifies the sectors most vulnerable to a potential blockage of the Strait of Hormuz, home to the world’s 12th busiest port, Jebel Ali. did. Amid continued attacks on shipping by the Houthis, worsening conflict in the Middle East, and recent US attacks on arms storage facilities in Yemen, how this disruption of trade routes will impact the global economy. There are growing concerns about Exigar We analyzed the cargo passing through the Strait of Hormuz using Jebel Ali Port.
Important points:
Commodities most at risk, textiles and luxury goods: 58 different industries could be affected by the closure or reduced traffic of the Strait of Hormuz. This includes different types of goods, textiles and luxury goods, and companies in these industries will account for 29% of the shipments coming out of Jebel Ali in 2024. Thousands of U.S. shipments may be disrupted. In the past two years, 10% of the identified shipments departing from Jebel Ali were destined for Europe or North or South America. About 17,000 of those shipments were bound for the United States, transporting industrial and household goods ranging from turbojet engines to ethyl alcohol. Persian Gulf oil shipments could be disrupted: It is well known that the Strait of Hormuz is an important sea lane for oil produced in the Persian Gulf, a commodity that continues to support much of the global economy. There is. Transshipment delays can impact global companies. Less well known is the importance of transshipment (i.e., the movement of goods between ships) in the Strait of Hormuz. Over the past two years, 350,000 shipments involved transactions where the shipper and consignee were members of the same corporate family. Approximately 26,000 of these shipments were destined for Europe or North or South America, transporting goods ranging from cars to transformers and mechanical parts.
