Bloomberg Surveillance Bloomberg Surveillance TV: March 13th, 2026
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Mar 13, 2026 Lt. General Robert Walsh, retired senior military leader focused on maritime security. Eugene Seroka, Executive Director of the Port of Los Angeles, expert in port operations and supply-chain resilience. They discuss ships stalled around the Strait of Hormuz, rising bunker fuel and pump prices, regionalizing supply chains, mine and escort preparations, and coalition responses to maritime threats.
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Strait Of Hormuz Gridlock Is Halting Gulf Exports
- Thousands of vessels are effectively stuck near the Strait of Hormuz because insurers and companies refuse risky transits.
- Eugene Seroka notes ~114–115 container ships, bulkers and tankers idle and fuel costs have doubled in 10 days, raising freight components ~25%.
Fuel Spike Raises Freight Costs But Not Orders Yet
- Higher bunker fuel prices haven't yet cut U.S. inbound volumes because it's seasonal slack after Lunar New Year.
- Seroka says fuel is ~25% of freight cost and POs from Asia remain solid despite cost rises.
Supply Chain Regionalization Faces Strong Inertia
- Regionalizing supply chains is happening unevenly; some industries already operate locally while others face long inertia.
- Seroka highlights automotive tier suppliers within 100–200 miles versus slow shifts in trans-Pacific loops and closed-loop Gulf services.