Safe and sustainable passage through the Strait of Hormuz is what top shipping companies require before the world's sees much oil or cargo leave or enter the Gulf, two top sector executives said on
Safe and sustainable passage through the Strait of Hormuz is what top shipping companies require before the world's sees much oil or cargo leave or enter the Gulf, two top sector executives said on Wednesday.
"Two weeks ago when the ceasefire, said to be temporary, came into picture, we thought there was hope. But in reality, the agreement was not translated into the safety and passage (of the vessels)," Jotaro Tamura, chief executive of Japan's Mitsui O.S.K. Lines, told Reuters in an interview on the sidelines of the Singapore Maritime Week conference.
MOL is one the world's largest shipping companies and the top owner of oil and liquefied natural gas tankers.
Questions about safety would remain even if the strait reopens, Tamura added.
Iran's Islamic Revolutionary Guard Corps has warned of mines around the strait.
"It's a question of the definition of open. Is it really open, or is it half open? Is it open, but there is risk?" Tamura said. "At some point in time, it (voyages) will resume, and normalisation comes into picture. But it's hard to foresee how reality would be."
When asked if MOL would pay toll fees to Iran if requested, he said MOL's position
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