Mitsui O.S.K. Lines CEO: Most operators will remain cautious after the US-Iran agreement, and the recovery of navigation in the Strait of Hormuz may be delayed.
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1. According to the Financial Times, Tamura Jotaro, CEO of Mitsui O.S.K. Lines, stated that although the US and Iran have reached an agreement to reopen the Strait of Hormuz, many shipping operators still choose to take a wait-and-see approach before resuming navigation. 2. Tamura pointed out that while the diplomatic breakthrough brings hope for passage through the strait, the actual resumption of operations still faces multiple obstacles, including safety assessments, insurance coverage, crew confidence, and infrastructure inspections, all of which require time to verify. 3. This cautious stance means that even if the agreement is officially signed, shipping volume through the Strait of Hormuz may not rebound immediately, and the recovery process for the global energy supply chain could be slower than the market expects.
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