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Japan's Mitsui O.S.K. Lines Warns: Shipping in Strait of Hormuz Unlikely to Recover This Year, No Immediate Plans to Return
Earlier related reports
Marisks CEO Maniatis stated that the latest intelligence assessment indicates the risk of escalation in the Strait of Hormuz has eased.
04/09/2026 05:13 UTC
Jotaro Tamura, CEO of Mitsui OSK Lines, one of the world's largest tanker operators, said on Thursday that given the renewed escalation of tensions between the US and Iran, it is difficult to foresee any form of normalization of shipping operations in the Strait of Hormuz this year, and the company currently has no plans to resume operations on that route. Mitsui OSK Lines had previously assumed in its quarterly earnings report last month that shipping in the Strait of Hormuz would gradually resume from October 2026 and normalize by January 2027.
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