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Singapore-flagged ship sank in Strait of Hormuz, but experts say vessels will continue transiting
One Singapore-flagged container ship, GFS Pride, sank and another, GFS Giselle, was damaged after being attacked in the Strait of Hormuz this week. Maritime experts say Singapore vessels will continue navigating the perilous strait due to strong demand for Middle Eastern energy and commercial opportunities, despite heightened risks. Crossings through the Strait of Hormuz fell to 131 in the week ended Oct. 14, from 176 the previous week.
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