Strait of Hormuz transit not yet possible, major shipping company says

One of the world’s largest container shipping firms on Tuesday said transits through the Strait of Hormuz are not yet possible a day after the U.S. began escorting vessels through the vital waterway. “At this point in time our risk assessment rema...

One of the world’s largest container shipping firms on Tuesday said transits through the Strait of Hormuz are not yet possible a day after the U.S. began escorting vessels through the vital waterway. “At this point in time our risk assessment remains unchanged,” German company Hapag-Lloyd AG said in a statement, as reported by The...