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Maersk Warns Against Strait of Hormuz Transits as Volatility Persists

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Maersk will continue to avoid the Strait of Hormuz for the time being, even as the fragile ceasefire between the US and Iran holds, it said in a Tuesday update.

The Danish shipping giant said any decision to move vessels via the Hormuz would be based on continuous risk assessments, close monitoring of security conditions and guidance from relevant authorities and partners.

"Information is still scarce, and we are urgently seeking clarification," Maersk said, referring to a fragile ceasefire between the US and Iran, adding that information remains limited and maritime certainty is not assured.

Maersk welcomed efforts to restore freedom of navigation, including an initiative from the US regarding vessels in the Strait, but said it would factor such measures into its security reviews only once the details are fully understood.

The Hormuz, one of the world's most critical energy transit routes, handles about 20% share of global oil and liquefied natural gas shipments. Shipping firms have stepped up risk assessments in recent weeks amid heightened regional tensions.

Maersk said the situation remains highly dynamic and its guidance is subject to change as developments unfold.

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