Maersk says US-Iran ceasefire may create Strait of Hormuz transit opportunities


COPENHAGEN: Danish shipping group Maersk said on Wednesday that the ceasefire between the U.S. and Iran may create transit opportunities for vessels in the Strait of Hormuz, but that it did not yet provide full maritime certainty.

The war that began with U.S.-Israeli strikes on Iran in February, followed by Iranian attacks across the region and the closing of the Strait of Hormuz, has brought shipping in the Gulf to a near standstill, rippling across global supply chains.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

TNB’s LNG move boosts long-term growth outlook
Tanjung Embang set to become Sarawak green growth hub
Pekat’s prospects brighten on solar job
Global IPOs unlikely to trigger outflows
Malaysia’s growth paradox
Altice France sells SFR in US$23bil deal
Jakarta’s commodities reality check
Bulls seek protection in world’s hottest market
MISC’s�carbon capture and storage push deepens with new charter deal
High fuel costs set to trigger airline consolidation

Others Also Read