Hormuz Diversions Drop as Port Congestion Surges in Singapore, Turkey, and Mumbai
Event summary
- Weekly diversion volumes through the Strait of Hormuz fell to 2,721 shipments, a 41% drop from the week 20 peak, marking the fourth straight weekly decline.
- Navi Mumbai's import dwell time reached 25.4 days, six times its pre-conflict baseline.
- Mersin, Turkey's leading Mediterranean gateway, saw import dwell times exceed 32 days and transshipment dwell times reach nearly 31 days.
- Singapore's import dwell time increased to nearly 11 days, the highest level of the crisis.
- Istanbul overtook Dubai in air cargo transit volume as cargo originally bound for the Middle East was rerouted.
The big picture
The latest data from project44 highlights a significant shift in supply chain disruptions, with port congestion spreading beyond the Gulf region. While Hormuz diversions have decreased, critical ports in Singapore, Turkey, and Mumbai are experiencing record-high dwell times, indicating broader systemic strains. This trend suggests that the impact of geopolitical tensions is now being felt globally, affecting major trade hubs and rerouting air cargo through alternative gateways.
What we're watching
- Port Congestion
- How the unprecedented port congestion in Singapore, Turkey, and Mumbai will affect global supply chain efficiency and costs.
- Trade Rerouting
- Whether Istanbul and Frankfurt can sustain the increased air cargo volumes originally bound for Dubai.
- Geopolitical Impact
- The pace at which Hormuz diversion volumes continue to decline and the potential for renewed disruptions.
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