Hormuz shipping rebounds with 78 vessels in single day: S and P Global

China

Hormuz shipping rebounds with 78 vessels in single day: S and P Global

2026-06-26 13:43 Last Updated At：15:17

Shipping traffic through the Strait of Hormuz surged Wednesday as 78 vessels transited the strategic waterway, the highest single‑day volume since the U.S.-Israeli war with Iran, according to a report released Thursday by S and P Global.

S and P Global said the crossings marked a recovery to about 57 percent of pre‑conflict daily levels. Cumulative transits reached 551 vessels as of Wednesday, putting the month on track to be the busiest since the war began.

The firm noted that outbound traffic included both long‑stranded ships and newly arriving vessels, signaling early signs of normalization. But it cautioned that the rebound’s durability remains uncertain, with key agreements still needing consolidation and enforcement.

The improving trends have been corroborated by multiple other sources. Kpler, a market analysis firm, reported on Thursday that 70 ships transited the strait on Wednesday, representing a 105 percent increase in daily traffic compared with the previous day. Separately, Lloyd's List, the London-based shipping journal, said on Thursday that vessel movements through the Strait of Hormuz had seen dramatic changes this week, with figures rising "sharply" from the blockade period.

Analysts attribute the traffic rebound primarily to the recent announcement by Oman and the International Maritime Organization (IMO) to open the southern lane of the Strait of Hormuz. The IMO announced on Tuesday the launch of an evacuation plan for seafarers stranded in the Hormuz region, recommending two designated corridors: the northern lane along the Iranian side and the southern lane along Oman. On Wednesday, 33 vessels used the southern lane.

However, Iran has issued warnings that vessels deviating from designated lanes will face consequences.

China aims for new energy to become main power source by 2030: official

China will accelerate its construction of a new-type energy system during the period of the 15th Five-Year Plan (2026–2030), with new energy expected to become the dominant component of the country's installed power capacity by 2030, Wang Hongzhi, head of the National Energy Administration, said on Friday.

Speaking at a press conference in Beijing, Wang, also a member of the Communist Party of China Leadership Group of the National Development and Reform Commission, briefed the media along with his colleagues on China's key plans for speeding up the development of a clean, low-carbon, safe and efficient energy system in five years.

"By 2030, China will have initially established a new energy system that is clean, low-carbon, safe, and efficient. The share of new energy installed capacity will exceed 50 percent, making it the dominant component of power generation capacity. Non-fossil fuel power generation will account for 50 percent of total electricity output, becoming the primary source of electricity. Additionally, coal and oil consumption will peak,"said Wang.

The National Development and Reform Commission and the National Energy Administration issued a plan in June, which sets out targets for strengthening energy security, advancing the green transition, boosting technological self-reliance and improving market mechanisms, among others.

The plan aims to make key technologies and equipment in the energy industrial chain largely self-reliant and controllable, while positioning China at the forefront of global energy technology innovation.

China has set the dual carbon goals of peaking carbon dioxide emissions before 2030 and achieving carbon neutrality before 2060.