Arabic version: أسهم الشحن تبلغ أعلى مستوياتها في أكثر من عقد مع استمرار أزمة هرمز

According to Cnbc, a months-long crisis in the Strait of Hormuz has pushed shipping stocks to their highest levels in more than a decade. The disruption has tightened the available supply of vessels as tankers take longer routes and face higher insurance costs, while global trade continues to move.

A basket of 35 U.S.- and European-listed shipping stocks tracked by Lloyd’s List Intelligence has risen about 68% this year and 82% over the past 12 months. Crude-tanker shares led the advance, gaining 120% year-to-date, followed by car carriers, gas carriers and dry-bulk shippers. The gain was more than five times the S&P 500’s increase, according to the data.

Several companies have reached notable levels. Danaos shares were at their highest point since 2008 after rising 60% this year, according to LSEG data. Frontline and Teekay Tankers were at their highest valuations since 2011, while BW LPG reached a record. Safe Bulkers and Navios Maritime Partners posted multiyear peaks, and International Seaways reached an all-time high last week. The Breakwave Tanker Shipping ETF has climbed 650% since the Middle East war began in February and more than 2,300% this year.

Andreas Povlsen of Hayfin Capital Management said shipping offers a hedge to geopolitical instability. Tufton Investment Management chief executive Nicolas Tirogalas said longer journeys have increased tonne-miles, supporting demand for tankers, bulkers and gas carriers. However, Breakwave Advisors founder John Kartsonas said part of the premium reflects “fear pricing” that could fall quickly if Hormuz returns to normal. J Mintzmyer of Value Investor’s Edge said tanker and dry-bulk markets had already been positioned for a strong 2026 after a decade of underinvestment.