12 Articles
12 Articles
Korean shipping industry on edge as Iran threatens Strait of Hormuz blockade
Fears are mounting in the Korean shipping industry over potential damage to vessels and crews passing through the Strait of Hormuz, as Iran has threatened to block the vital oil trade route in retaliation for Israel's ongoing air raids that began last Friday. While sailors are calling for ships to detour around the strait, the government is closely monitoring the safety of Korean vessels and the economic impact of the Middle East conflict. The F…

Ships advised to keep their distance from Iran around Hormuz Strait
By Jonathan Saul and Renee Maltezou
Hormuz on Hold: Vessels Await Green Light - mfame.guru
Risks to tankers are complex. Prices are firming, market anticipates risk. Vessels in area should prepare for loss of GPS. As the conflict between Israel and Iran continued into a sixth day, vessels are increasingly waiting for instructions or at least a clearer security situation before going through the Strait of Hormuz, even though credible threats to tankers are yet to materialize, reports Platts. Ships Anchor in Caution Near Hormuz The dail…
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