World’s Shipowners Are Eyeing the Exit, But They’re Not Rushing For It Just Yet

Following the announcement of a two-week ceasefire between the United States and Iran and a partial reopening of the Strait of Hormuz, shipping industry leaders say vessels trapped inside the Persian Gulf are eager to leave – but will likely wait for clearer instructions before making a move.

According to BIMCO the industry is now in a holding pattern as operators await detailed guidance from both Washington and Tehran on how transits will actually work in practice.

“Ships trapped in the Persian Gulf will be interested in leaving as soon as it is safe to do so,” said Jakob Larsen, BIMCO’s