Passages decreased by 20%, GPS signals continued to interfere, and freight rates for ships through the Strait of Hormuz soared

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Although both Israel and Iran have publicly expressed their acceptance of the ceasefire, security issues in the Strait of Hormuz, GPS interference, still plagued the passing ships.

Recently, Angeliki Frangou, chairman and CEO of international maritime giant Navios Maritime Partners, warned that ships in the Strait of Hormuz are still threatened by continued blockage of GPS signals.

GPS interference has caused more ships to wait for passage outside, and ships passing through the Strait of Hormuz have been reduced by 20%.

According to estimates from the Maritime Information Cooperation & Awareness Center on June 20, 970 ships are subject to GPS interference every day.

The Strait of Hormuz is a strait connecting the Persian Gulf and the Indian Ocean, and is also the only waterway entering the Persian Gulf. It is an important channel for global oil and gas transportation.

Frangou pointed out that the problem is that the narrowest part of the Strait of Hormuz is only 21 miles (about 33 kilometers), which is the main reason why GPS signal interference has a serious impact on ships.

Affected by this, the shipping costs of ships passing through the Strait of Hormuz soared. At the same time, insurance premium rates have been further pushed up due to ongoing security risks.