According to Agence France-Presse, the world shipping giant Maersk Group announced on June 20th local time that, due to the conflict between Israel and Iran, it would suspend its vessels from docking at the port of Haifa in Israel.

In its statement, the Maersk Group stated that the decision to suspend vessel docking at the port of Haifa was made after a careful analysis of the risk reports in the context of the ongoing conflict between Israel and Iran, especially considering potential risks associated with berthing at Israeli ports and the impact on the safety of the crew.

The group mentioned that its existing operations in the region have not been further disrupted.

In recent days, due to the situation in the Middle East, the shipping costs for tankers transporting oil products from the region have soared. Earlier this week, the Baltic and International Maritime Council stated that the number of vessels passing through the Strait of Hormuz is decreasing.

S&P Global Market Intelligence also noted that the threat of a large-scale conflict between Israel and Iran is significant enough to cause serious disruptions to the shipping industry, with some shipping companies starting to avoid passage through the Strait of Hormuz.

At the same time, insurance costs for vessels sailing in the Red Sea and the Persian Gulf have significantly increased. According to data from the Daishin Group, ships entering the Persian Gulf currently require shipowners to pay insurance costs equivalent to 0.2% of the vessel's value, whereas before the Israeli military strikes on Iran last week, this ratio was only 0.125%.