• 2011 December 15 12:45

    Iran threat to blockade the Strait Of Hormuz

    A hard-line Iranian newspaper considered to speak for Iran's supreme leader has come out in support of closing the Strait of Hormuz in the Persian Gulf, the world's most important oil shipping lane, as punishment against countries that have sanctioned Tehran over its suspect nuclear program, Radio Liberty reports.
    A December 13 editorial in "Keyhan" asks, "Why has the Islamic Republic of Iran not used its unchallengeable right till now, when there is a conspiracy of imposing sanctions against our country's oil?"
    The piece comes a day after an Iranian lawmaker reportedly said the country's military is planning to hold drills to practice closing the vital shipping passage. The student news agency ISNA quoted deputy Parviz Sorouri as saying, "If the world wants to make the region insecure, we will make the world insecure."
    Julian Lindley-French, a professor at the Royal Military Academy of the Netherlands, said Iran's intent appears clear.
    "If this threat was carried out, in a sense -- denial of access through the Strait of Hormuz -- then [Iran] will be on a direct route of confrontation with the West and, indeed, many of the regional powers," he said.
    That's because the strait -- which runs mainly along Iran, but also touches Oman and the United Arab Emirates -- is the only way for Persian Gulf oil to reach the open sea. An estimated 15.5 million barrels of oil are shipped through the strait every day -- one-third of all seaborne-traded oil, or 17 percent of the world's supply.
    Any interruption in those shipments would send shockwaves through the world's already fragile economies. Already, news of Iran's unconfirmed threat has driven oil prices up $3, to more than $100 a barrel.
    Theodore Karasik of the Dubai-based Institute for Near East & Gulf Military Analysis said that's nothing compared to what would happen if Iran follows through on its threat.
    "The consequences are that international shipping, in particular in terms of energy, would grind to a halt and this would put immense pressure on the economies all around the world. You'll see the price of oil skyrocket, probably up to $250 a barrel," Karasik said.
    Iran says closing the waterway is justified because governments like the United States and Britain have imposed economic sanctions on Tehran over its nuclear program, which they believe is a front for weapons development and which Tehran insists is peaceful. Iran's saber-rattling in the strait is aimed at heading off increasing efforts to curb its oil exports, and it says maritime law supports such a move.
    But James Kraska, a professor of international law at the U.S. Naval War College's Center for Naval Warfare Studies, says relevant law in this case is the UN's 1982 Convention on the Law of the Sea.
    "Under that convention, transit through international straits is guaranteed for all countries, so there would not be a legal basis to close the [Hormuz] Strait," he said. "And transit through the strait includes transit in the air, on the surface, as well as under the water. There's no requirement to seek the coastal states' permission, and there's no lawful basis for the coastal states to impede the transit."
    Neither Iran nor the United States are among the treaty's 150 signatories, but Kraska says the convention is "customary law" that has been recognized for centuries. The waters in the strait have dual status, he says. They are technically Iranian territory, but they are also an international strait, and that gives foreign ships "a higher right of transit."
    But let's say Iran blocks it anyway. Does it have the military capacity to then take on a naval power like the United States, which is certain to respond?
    A 2008 report by the Washington Institute for Near East Policy said Iran is "essentially in control of the world's oil lifeline" and has the capability to "wage unique asymmetric warfare against larger naval forces."
    The institute's Michael Eisenstadt says blocking the strait is "something Iran has been preparing for for years."
    "Iran has been investing for decades now on creating a naval guerrilla force which would have the capability of at least interfering with shipping through the Strait of Hormuz and perhaps closing it, at least temporarily, using a combination of mines, small boats, antiship cruise missiles, submarines -- both midget submarines as well as conventional submarines -- and most recently ballistic missiles," he said.
    Karasik of the Institute for Near East & Gulf Military Analysis agrees.
    "Iran's specialty is asymmetric warfare," he said. "This is what they practice in their simulations and their exercises. This includes the use of small ships or boats, also suicide boats, underwater warfare capability, combined with the use of ballistic and cruise missiles. So they can pack a punch if they are able to get these weapons off the ground."
    But like Karasik, Eisenstadt says if Iran does succeed in blocking the strait, it could only do so for about a week.
    "The bottom line is, although the Iranians have been talking a long time about closing the Strait of Hormuz, they probably only have the ability to do so for several days. And once the United States Navy gets involved in ensuring freedom of navigation, I think it's very clear that the outcome will be, eventually, the destruction of the Iranian Navy and the reopening of the strait."
    And that may be why the threat could very well remain only that.

2024 May 19

14:27 Intesa Sanpaolo and Fincantieri for the energy transition of maritime and air transport
14:03 MSC Cruises to expand at Port Canaveral with the arrival of the MSC Grandiosa
13:56 Noatum launches maritime services in Türkiye
12:44 New Pipeline Transition Alliance to focus on re-purposing natural gas infrastructure to hydrogen service
11:29 Yantai CIMC Raffles Offshore Ltd. shipyard launches dual-fuel offshore installation vessel for Van Oord
11:23 Major Scottish export terminal invests £750,000 to boost refrigerated cargo capabilities
10:12 Jan De Nul orders new XL cable-laying vessel

2024 May 18

15:24 SNAM's Q1 total revenues declined 1.9% to 895 million euros
14:17 KOTUG Int'l successfully pilots Tug Drone technology
12:04 Austal USA names Mark Santamaria as CFO
11:36 Silver Ships delivers four of seven coastal fast response boats
09:51 CMA CGM posts revenue of 11.8 billion for Q1 2024

2024 May 17

18:10 Bunker fuel sales at the Middle Eastern hub of Fujairah drop on a monthly basis in April 2024
17:52 Lloyd’s Register and Shandong Marine Group sign MoU
16:43 China reveals cooperation methods to protect and restore the Yangtze River
16:03 APM Terminals Barcelona holds the commissioning of 17 Konecranes NSC 644 EHY hybrid straddle carriers
15:13 Marine fuel demand in Panama declined in April 2024
14:43 MITSUI E&S and PACECO commence commercial operations of world's first hydrogen fuel cell zero emission RTG crane at Port of Los Angeles
14:23 ILWU Canada agrees to delay serving 72-hour strike notice on employer DP World Canada
13:31 Barge hits a bridge in Texas, damaging the structure and causing an oil spill
13:10 Container shipping costs on EU-S. Korea route surge over 30 pct amid Red Sea crisis
12:43 DP World invests €130m in Romania
12:21 Astrakhan hosts Russia-Iran talks on shipping cooperation on International North-South corridor
11:41 Seatrium awarded repeat FPSO integration contract from SBM Offshore
11:04 Bureau Veritas report highlights the potential of carbon capture technologies and the development of carbon value chains for shipping
10:41 Electramar christened in Helsinki
10:07 IMO Secretary-General spotlights seafarer safety amidst ongoing Red Sea attacks and resurging piracy
09:58 MABUX: Bunker Outlook, Week 20, 2024

2024 May 16

18:11 Kongsberg and Torghatten to develop self-driving ferry service linking Trondheim and the Fosen peninsula
17:42 “K” Line сonducts first trial use of B100 biofuel for carbon-free operations on car carrier
16:35 Deltamarin and ECOLOG unveil LP LCO2 carrier design
15:40 Seadrill enters agreement to sell its Qatar jack-up fleet
15:24 Scan Global Logistics and Hapag-Lloyd enter into major biofuel agreement in a new Green Collaboration
14:48 Edison Chouest feeder fleet for U.S. offshore wind market to be built to ABS Class
14:03 The Australian Government announces a funding package of $7.1 billion for budgeted programs to be administered by ARENA
13:54 The share of the idle container vessel fleet was 0.9% in April - Sea-Intelligence
13:25 The European Commission grants PCI status to CO2 value chain project developed by MOL with partners
12:14 HHLA's revenue decreased by 0.3 percent to € 363.6 millions in Q1 2024
11:42 MOL and TotalEnergies sign time charter contracts for 2 newbuilding LPG-fueled LPG carriers
10:40 Kalmar and Uniport Livorno agree on new terminal tractor order to enhance reliability, safety and service quality at Italian terminal
10:04 AMSA collaborates on a trial providing more recycling options for visiting foreign ships
09:59 SunGas Renewables and C2X announce strategic partnership

2024 May 15

18:07 MOL holds naming ceremony for newbuilding LNG carrier Greenergy Ocean to serve China National Offshore Oil Corporation
17:30 ClassNK and StormGeo mark significant collaboration to advance maritime decarbonization
17:02 Newly certified methanol valves to improve dual-fuel shipbuilding
16:45 HD KSOE to lease Subic shipyard in Philippines
16:25 Eidsvaag receives two forage carrier vessels designed and equipped by Kongsberg Maritime
15:58 ADNOC delivers first ever bulk shipment of CCS-enabled certified low-carbon ammonia to Japan
15:35 World's 1st wind challenger-equipped coal carrier achieves fuel savings of 17%
14:57 LR to support the retrofit of two Stena Line ferries to methanol
13:52 Port of Los Angeles nets record $58 million for harbor maintenance
13:32 CMA CGM to launch MCX - West Coast Central America
12:51 Port of Long Beach cargo volumes up 14.4% in April
12:21 First Ro-Pax vessel receives DNV Silent notation following successful sea trials with Wartsila propellers
11:41 Hapag-Lloyd transport volumes increased by 6.8 percent to 3 million TEU in Q1 2024
11:10 Cavotec signs two-year service agreement with Port of Salalah
10:41 China overtakes Korea in global shipbuilding competitiveness
09:58 The ports of Rotterdam and Delft join the CLARION project

2024 May 14

18:02 ICTSI to invest in new Southern Luzon gateway
17:31 ACL, BG Freight Line and Peel Ports Group start container service between Ireland and North America
17:10 Port of Hamburg is the first port in Europe to offer shore power for both container and cruise ships
16:31 Port of Gothenburg launches the platform "Digital Port Call"
16:18 NS United, NSY, Imabari Shipbuilding and Japan Marine United Corporation sign MOU for the construction of Cape-size bulk carriers using dual methanol fuel
15:56 Port of Antwerp-Bruges launches the world's first methanol-powered tugboat
15:29 The Ports of Barcelona and Shanghai will work together on innovation and decarbonisation projects
13:55 AD Ports Group announces Q1 results
12:58 NYK, NBP, TSUNEISHI SHIPBUILDING and Drax sign MOU to develop ‘bioship’ technology and plans to construct the world’s first biomass-fuelled ship
11:30 Maris Fiducia team up with HAV Hydrogen, Norwegian Hydrogen and Ankerbeer for zero emission bulk shipping
11:05 ABS and HD Hyundai Group sign MOU to advance medium-voltage power systems on ships
10:43 Finnlines’ new freight-passenger Superstar-class vessel Finnsirius awarded by Shippax