Global Freight Monitor Impact of Hormuz MoU

研报英文原文证据摘录

Global Freight Monitor Impact of Hormuz MoU

26 June 2026

Equities

Transport Global Freight Monitor

Impact of Hormuz MoU Global

◆ Transits via SoH jumped following MoU, but minesweeping and

Bruce Chu*, CFA

insurance uncertainties impede a full return to the strait Analyst, Asia Transport

The Hongkong and Shanghai Banking Corporation Limited

bruce.y.h.chu@hsbc.com.hk

◆ Container to stay firm; tankers to ease later; dry bulk to see +852 2996 6621

higher fertiliser shipment; air cargo to soften on capacity return Parash Jain*

Global Head of Transport & Logistics Research

◆ Buy: APMM, CSH-H/A, Evergreen, PBS, and CX; Hold: SITC, The Hongkong and Shanghai Banking Corporation Limited

parashjain@hsbc.com.hk

OOIL, and DHL; Reduce: HLAG +852 2996 6717

Deepak Maurya*, CFA

The US-Iran MoU – Technical reopening, not normalisation: The 17 June MoU Analyst, Asia Transport

ends military operations, removes the US naval blockade within 30 days, and grants deepakmaurya@hsbc.com.hk

Iran a 60-day toll-free passage, with US waivers for Iranian oil exports. However, Iran’s +852 2822 4292

plan to levy transit fees post-60 days faces US rejection (NY Times). This Cathy Huang*, CFA

disagreement, plus de-mining delays and patchy insurance cover, keeps full Associate, Asia Transport

normalisation elusive. Still, the breakthrough eased immediate bottlenecks: Clarksons cathy.m.y.huang@hsbc.com.hk

data showed SoH transits reached 65 vessels on 24 June (vs. 11 daily pre-MoU). +852 2996 4506

Kevin Li*

Container – Months of recovery, rates still climbing: The SCFI rose 3.8% w-o-w to Associate

3,240, its highest since Aug-24, with spot rates up +7% to the US and +6% to Europe, Guangzhou

leaving the index 143% above pre-conflict levels. Linerlytica noted only 9 containerships