The closure of the Strait of Hormuz since 28 February 2026 has triggered the largest disruption to global energy supply in the history of the oil market. Thailand, among the most exposed economies in Asia to rising oil prices, is already feeling the commercial and legal consequences, underscored by the 11 March strike on the Thai-flagged vessel Mayuree Naree while transiting the Strait.
Silk Legal advises that businesses stay updated on evolving regulatory requirements and compliance risks to avoid severe penaltie,
- Whether your commercial contracts contain force majeure clauses (and whether the blockade is likely to trigger them under the applicable governing law).
- Whether formal notice of force majeure has been issued to counterparties within the timeframes required by your contracts.
- Whether your marine cargo insurance includes war risk extensions, and whether goods currently at sea or in port are adequately covered.
- How demurrage charges, delivery delays, and rerouting costs are allocated under your shipping and logistics contracts.
- What mitigation steps you should be documenting to support a force majeure defence or insurance claim.
Additionally, Thai Cargo informs their valued customers of the current delays in import cargo handling and transshipment operations. This situation has arisen from a significant increase in cargo volume, compound by airline rerouting arising from the Middle East situation. Consequently, cargo inflow has exceeded initial projections, leading to congestion within cargo terminal and impacting the timeliness of certain handling processes.
Source: Silk Legal & Thai Cargo