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09 Apr 2026
Hyundai reroutes ships with Hormuz blockage disrupting supplies
The company is seeking to source more components locally in Europe rather than ship them from South Korea
[NEW YORK] Hyundai Motor is rerouting ships around Africa to avoid the Strait of Hormuz, slowing the automaker’s global supply lines as the war in Iran adds pressure to the already strained movement of goods.
“We have deviated our ships to the Cape of Good Hope,” chief executive officer Jose Munoz said on Wednesday (Apr 8), referring to the southern tip of South Africa. “This is a lot of additional lead time.”