On May the 12th four shipping vessels were attacked in Fujairah anchorage. The hard-earned, relative peace and stability that had temporarily settled into the region over the last few years was being threatened.
This could have been a one-time incident, but the threat was far from over.
June 13th, a full month later; two attacks on shipping vessels transiting through the Strait of Hormuz, confirm what many people feared. This was not a solitary incident, but the start of a worrying trend.
Insurance premiums for vessels transiting through the region began to rise. Crude oil price followed in turn. Companies started to seriously reconsider the idea of chartering into the Gulf.
Doubt began to set in the minds of shipping companies across the globe. But that was far from the end of it.