(April 9): Japan’s Mitsui OSK Lines Ltd (MOL), one of the world’s largest shipping companies, said it would need to scrutinise details of a US-Iran ceasefire agreement and its implementation before allowing its vessels to test the Strait of Hormuz.
“How it is implemented in the water, that is something we really need to understand,” Jotaro Tamura, who became president of the firm last week, said in an interview on Bloomberg Television. MOL’s priority is the safety of each vessel, he said, adding the company was working with the Japanese government.
The Strait of Hormuz, one of the world’s most important energy thoroughfares, has been effectively closed through six weeks of fighting in the Persian Gulf — and appeared to remain largely blocked even after a truce was announced.
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