Despite Iran-US Deal, Shipping Giants Give Hormuz the Cold Shoulder
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Major carriers remain reluctant to transit the chokepoint—a vital conduit for roughly one-fifth of global seaborne oil and LNG—according to SCMP, which cited industry insiders and vessel-tracking data.The MoU signed by the US and Iran reportedly promises to restore safe commercial shipping, but Danish giant Maersk, together with Norway-based Wallenius Wilhelmsen and Japan-headquartered Mitsui O.S.K. Lines remain skeptical. Only Hapag-Lloyd, a global leader in container shipping, is cited as expressing hope of resuming soon.The reasons for skepticism are practical:The waterway must still be cleared of all naval mines, and until that work is visibly progressing, insurers and shipowners will remain waryLegal and financial risks remain too high pending full confirmation of the extent of the Iranian sanctions reliefWhat matters most to the shipping sector is not rhetoric but tangible realities on the ground—navigational safety, the pace of mine-clearance operations, insurance premiums, and restored confidence among shipowners, charterers, lenders, and insurers—a regional manager at Veson Nautical, a leading provider of maritime freight and fleet management software, was cited as saying.Even if the deal is fully implemented, analysts expect a slow, cautious recovery rather than a sudden return to normal. The latest data from MarineTraffic underscores this caution, with no surge of vessels racing back into the strait following the announcement. Tankers and container ships are still weighing whether this breakthrough heralds a durable peace or merely another fragile pause in the volatile region.
US-Israel War on IranResumption of Transit Through Strait of Hormuz May Take Weeks — Reports16 June, 08:30 GMT
