Shipping Executive Reports Reduced Near-Term Escalation Risk at Strait of Hormuz

Maniatis: Hormuz Escalation Risk Has Eased

Dimitris Maniatis, CEO of Marisks, says the latest intelligence assessment has reduced expectations of a near-term escalation in the Strait of Hormuz, after earlier analysis pointed to heightened risk. He says 25 ships transited the southern corridor under U.S. military guidance the previous day and vessel movements are continuing. Maniatis also says attractive earnings are drawing shipowners back to the route, while crews remain cautious but are willing to transit with bonuses, security supp...