shipping industry

Background of the Situation

The Strait of Hormuz, one of the world’s most critical maritime chokepoints, has faced severe disruption due to escalating conflict involving Iran, the US, and its allies. This route typically handles a significant share of global oil and gas shipments, making any disruption highly impactful on global trade.

Iran’s Announcement

Iran stated that vessels classified as “non-hostile” are now allowed to transit through the strait. However, ships must:

1. Financial Results for Q3 2025
HMM reported Q3 revenue of KRW 2,706 billion (approximately US$1.85 billion) and an operating profit of KRW 297 billion (~US$205 million). Its net profit for the quarter came in at KRW 304 billion (~US$210 million). 
Despite the steep year-on-year decline, the company still maintained an operating margin of about 11%.

Background

ONE, a major player in the global container-shipping industry, held earlier profit expectations which it has now revised downward.

What Changed

The company has halved its projected full-year profit to US$ 310 million as it faces deteriorating market conditions and persistent disruptions in global trade venues. 

Why This Matters

1. Context & Forecast

• According to Alphaliner’s analysis, container shipping lines could be hit with USTR-imposed port fee liabilities reaching US$3.2 billion in 2026.
• This expected fee burden stems from trade policy changes, stricter enforcement, and shifting regulations targeting port services used by foreign carriers. 

2.