About 10% of the global container ships caught in Gulf of Hormuz backup, ONE CEO says

About 10% of the global container ships caught in Gulf of Hormuz backup, ONE CEO says 02.03.2026

Approximately 100 container ships, representing about 10% of the global fleet, are currently delayed in the Strait of Hormuz due to U.S. and Israeli attacks on Iran, according to Jeremy Nixon, CEO of Ocean Network Express (ONE). The maritime insurer's decision to cease voyages through the strait, a critical route for one-fifth of global oil and significant gas quantities, stems from Iran's retaliation against the strikes. This backup, occurring on Monday, highlights the immediate impact of the geopolitical tensions on international shipping and energy supply chains.

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