Stranded Ships Begin Transiting Strait Of Hormuz

Maritime data company Lloyd’s List Intelligence says major shipowners have begun moving vessels through the Strait of Hormuz. For the first time in 110 days, ships owned by major companies are transiting the strait after effectively being marooned there since February. The strait is a critical passageway for the world’s oil and natural gas. Its closure has created a historic energy crisis. Tankers controlled by major ship owners Grimaldi Group, Cosco, Knutsen and NYK have passed through the strait. Lloyd’s List estimated that 550 merchant ships will need to prepare to exit the Persian Gulf, including 160 tankers, 200 bulk carriers, 60 container ships and 10 vehicle carriers.