Views: 0 Author: Site Editor Publish Time: 2026-04-09 Origin: Site
On the 7th local time, the United Nations Security Council voted on the draft resolution on the Strait of Hormuz proposed by Bahrain, but China and Russia voted against it, resulting in the draft not being passed. The Chinese side has made it clear that the fundamental solution to the issue of cross-strait navigation is a ceasefire and cessation of war. It directly points out that the illegal military actions of the United States and Israel against Iran are the core reason for the obstruction of navigation. At the same time, it calls on Iran to stop attacking facilities in Gulf countries and restore normal navigation in the strait. This vote is only 9 hours away from the "ultimatum" set by Trump, highlighting the serious differences in the Security Council on the issue of regional military intervention. As one of the most critical shipping routes in the world, the Strait of Hormuz carries one-fifth of the world's crude oil shipping volume. Its navigation situation directly affects the cross-border transportation and logistics layout of large engineering equipment such as rotary drilling rigs and pile drivers. The veto vote of China and Russia has reserved space for the easing of navigation in the strait, and has also had a phased impact on the shipping and logistics of large equipment.
The core significance of China and Russia's veto of the draft on the Strait of Hormuz is to curb the unilateral tendency that may exacerbate regional conflicts, create conditions for US Iran negotiations, ceasefire and cessation of war, and also make the easing of the navigation situation in the Strait of Hormuz expected. Previously, the military strikes by the United States and Israel against Iran have led to a surge in navigation risks in the strait. Several shipping giants have suspended passage through the strait, and some ships have diverted to Cape of Good Hope, adding about 3500 nautical miles and 10 days of sailing time in just one way, seriously affecting the transportation efficiency of large equipment such as rotary drilling rigs. After the rejection of this draft, the United States and Iran subsequently reached a two-week ceasefire intention, and Iran also stated that it would achieve safe navigation in the strait within two weeks. Although thousands of stranded ships in the strait are still in a "wait-and-see" state, the uncertainty of navigation has been significantly reduced, clearing some obstacles for cross-border transportation of large equipment such as rotary drilling rigs and avoiding the risk of transportation stagnation caused by further route blockades.
The turbulent situation in the Strait of Hormuz has directly driven up international oil prices and shipping surcharges, while the expected easing of the situation brought about by the veto of the draft by China and Russia has effectively suppressed the upward trend of costs and reduced the burden on large equipment shipping logistics. Cross border transportation of large equipment such as rotary drilling rigs and pile drivers is mainly carried out by sea, with a single equipment weighing tens to hundreds of tons. Fuel costs account for 45% -55% of the comprehensive cost of sea transportation. Previously, the tense situation in the Taiwan Strait led to VLCC tanker freight rates exceeding $200000 per day, and shipping companies have increased their war risk surcharges, with single container surcharges reaching up to $2000, directly pushing up the cost of cross ocean transportation of large equipment. With the easing of the situation and the stabilization of international oil prices, the upward trend of risk surcharges for shipping companies has been curbed. At the same time, the additional fuel consumption costs caused by circumnavigation are expected to gradually decrease, effectively alleviating the logistics cost pressure on engineering machinery export enterprises and providing support for the overseas quotation competitiveness of equipment such as rotary drilling rigs.
Previously, the situation in the Strait of Hormuz escalated, and multiple international maritime insurers announced the cancellation of ship war insurance in the Gulf region. The remaining insurable insurance rates soared from 0.25% of the insured asset value to 1% -2%, while the value of a single rotary drilling rig is generally in the millions of yuan, resulting in a significant increase in insurance costs and becoming an important burden for equipment transportation. After China and Russia vetoed the draft, the risk of escalating regional conflicts was contained, and the intention to cease fire gradually warmed up the insurance market. Insurers began to reassess shipping risks in the Gulf region, and the expectation of a pullback in war insurance rates increased. For high-value large-scale equipment such as rotary drilling rigs and pile drivers, this not only reduces transportation insurance costs, but also reduces transportation delays caused by insurance deficiencies or high premiums, making the risk protection for cross-border transportation of equipment more comprehensive and improving the safety and controllability of logistics links.
During the period of restricted navigation in the Strait of Hormuz, a large number of ships were stranded at both ends of the strait and surrounding ports, including 187 oil tankers alone. Core ports in the Middle East such as Jebel Ali in the United Arab Emirates had suspended operations, resulting in serious delays in the transfer and unloading of large equipment such as rotary drilling rigs. Some equipment was even dumped at transfer ports waiting for notification, affecting the construction progress of overseas infrastructure projects. The relaxation of the situation brought about by the veto of the draft by China and Russia has created conditions for the resumption of port operations and the dredging of ships. With Iran's statement that it will restore safe navigation in the strait, the dredging of stranded ships is expected to gradually advance, and port congestion will be alleviated. The transfer efficiency and unloading speed of large equipment such as rotary drilling rigs will gradually improve, effectively shortening the transportation cycle of equipment from production bases to overseas construction sites, ensuring equipment supply for overseas infrastructure projects, and reducing project losses caused by delivery delays.
The rejection of the draft involving the Strait of Hormuz by China and Russia has brought temporary benefits to the shipping and logistics of large equipment. However, it is important to recognize that the current ceasefire between the United States and Iran is only a two-week window period, and the root causes of regional geopolitical conflicts have not yet been resolved. Long term navigation risks cannot be ignored. At present, most of the stranded ships in the strait are still observing and waiting for clear instructions from maritime safety and insurance agencies before resuming passage. The transportation of large equipment such as rotary drilling rigs may still be affected in the short term. In addition, if the conflict escalates again after the ceasefire ends, the Strait of Hormuz may once again face navigation difficulties, and oil prices, shipping surcharges, and insurance rates may rebound again. For engineering machinery export enterprises and logistics enterprises, they should seize the current buffer period, optimize transportation plans, reasonably plan the transportation routes of rotary drilling rigs and other equipment, lock in cabin space and insurance costs, and prepare risk plans to deal with possible situations and ensure smooth cross-border transportation of equipment.
