The head of Odfjell SE has ruled out sending ships through the Strait of Hormuz amid escalating regional tensions. Chief executive Jan Dieleman stated on Wednesday that the situation remains too unpredictable for safe navigation. His remarks follow recent attacks on commercial vessels and heightened military activity in the area.
Odfjell operates one of the world’s largest chemical tanker fleets. Dieleman emphasized that the company prioritizes crew safety above all else. He noted that rerouting ships around Africa would add significant time and cost but remains the only viable option under current conditions.
The Strait of Hormuz is a critical chokepoint for global oil shipments. About a fifth of the world’s seaborne crude passes through its narrow waters. Recent incidents have raised concerns among shipping firms about the risks of transiting the region.
Norwegian shipping companies are reviewing their operational strategies. Several have already rerouted vessels to avoid the Gulf of Oman and Arabian Sea. Industry sources indicate that insurance premiums for Hormuz transits have surged in recent weeks.
Dieleman did not specify a timeline for a potential return to normal operations. He added that Odfjell is in close contact with governments and naval forces for updates on the situation.
Source: e24.no