Asian shipowners to cross Hormuz before Western firms, executives say - Reuters
Asian shipowners to cross Hormuz before Western firms, executives say Reuters
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Notable Quotes
"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."
— Peter Weernink , Executive
"For companies that are happy not to comply with OFAC sanctions, the safety part is still there."
— Larry Johnson , Executive
"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."
— Peter Weernink , Executive
"If your crew doesn’t want to go, they don’t need to go if they feel unsafe."
— Andrew Jamieson , Executive
"The global shipping fleet could react quickly to a reopening of Hormuz."
— Roger Horton , Executive
"For companies that are happy not to comply with OFAC sanctions, the safety part is still there."
— Larry Johnson , Executive
"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."
— Peter Weernink , Executive
"Increased costs and lingering safety concerns could continue to impact Hormuz traffic."
— Andrew Jamieson , Executive
"The global shipping fleet could react quickly to a reopening of Hormuz."
— Roger Horton , Executive
"Yes, most likely so."
— Larry Johnson , Executive
"If your crew does not want to go or they feel unsafe they do not need to go."
— Andrew Jamieson , Executive
Key People
Co-head of Gunvor shipping arm Clearlake.
Former president of the United States known for his aggressive economic policies.
Global head for metals at the trade house Mercuria.
Mercuria’s global head of freight.
Peter Weernink is the CEO of SwissMarine.
Chief Commercial Officer of Clarkson.
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<a href="https://news.google.com/rss/articles/CBMivAFBVV95cUxNcGZhZS1jMDNndUJpMWRoNHJQQVpuY3VKRFFNU2tYVTFoMDFNY3N1ZzI4SmVOVm1WUlFVdElDVWFNYWFKZFp5ekhudXVIZm50cjdaU0Vha2JHZkVySlp2b0tFczR5emZDcG1oNndXZGVGVUNfdXUzclpLckFOYll2WndKYU9WeUVqZ2J5cERvWTkyMUVSY3hWU3I4RVp1TzdXV05MWTdVbUFXX19VYXVjUktCd2NkN0RsT0x0Mw?oc=5" target="_blank">Asian shipowners to cross Hormuz before Western firms, executives say</a> <font color="#6f6f6f">Reuters</font>
Asian shipowners may soon begin sailing through the Strait of Hormuz amid a fragile U.S.-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.
Asian shipowners might begin to sail through the Strait of Hormuz soon amid a fragile U.S.-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.
Shipping executives at the FT Commodities Global Summit on Wednesday said that Asian ship owners—who have a greater risk tolerance—may soon begin sailing through the Strait of Hormuz, despite a fragile ceasefire between the U.S. and Iran. They also can pay tolls more easily than Western firms, which comply with sanctions.
Shipping executives at the FT Commodities Global Summit on Wednesday said that Asian ship owners—who have a greater risk tolerance—may soon begin sailing through the Strait of Hormuz, despite a fragile ceasefire between the U.S. and Iran. They also can pay tolls more easily than Western firms, which comply with sanctions.
Asian shipowners may soon begin sailing through the Strait of Hormuz amid a fragile U.S.-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.
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