China already dominates global shipbuilding orders – and the Strait of Hormuz crisis appears to be boosting demand.

China already dominates global shipbuilding orders – and the Strait of Hormuz crisis appears to be boosting demand.

As the Iran war drags on and the Strait of Hormuz stays shut, India and China are increasingly competing against each other for shrinking crude oil supplies.

The Iran war reflects Washington’s greater emphasis on implementing its maritime security strategy, analyst says.