Asian ship owners might begin to sail through the Strait of Hormuz soon amid a fragile US-Iran ceasefire, as they have a higher risk tolerance and can manage paying tolls unlike sanctions-complying Western firms, shipping executives said at the FT Commodities Global Summit, Reuters reports.
Some tankers and cargo ships managed to escape the Gulf last Saturday, but Iran quickly pulled the plug on the move by firing shots and telling other vessels to return to the Gulf.
At least three container ships were hit by gunfire in the strait today.
“Certain parts of the world will be able to pass through and the odds are that in the next few weeks you’re going to see more of that, and we won’t be able to,” said Peter Weernink, CEO of SwissMarine, listing Indian, Iraqi and Chinese vessels.
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