89% more ships are now rounding the Cape of Good Hope in a single day. The Strait of Hormuz crisis is not only an oil story; it is a spare parts logistics story.
Transit through Hormuz has nearly stopped, maritime security is at critical level, and GPS jamming affected more than 1,650 vessels in a single week.
Rerouting around Africa adds 10 to 15 days to voyages. That means delayed port calls, missed maintenance windows and spare parts shipments that cannot reach the vessel on schedule.
Emergency procurement can turn a USD 200 part into a USD 1,500 air freight bill. Multiply that across a fleet working through unfamiliar logistics corridors and the MRO budget takes a serious hit.
Supplier networks in Korea, China, Japan and Europe mean you are not dependent on one corridor or one source when a disruption hits.