Stena Bulk has no crew left on ship in the Strait of Hormuz
Gothenburg-based Stena Bulk no longer has any sailors left on board the company's only ship still in the war-torn Strait of Hormuz.
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Swedish shipowner says ready to go through the Strait of Hormuz
Gothenburg-based Stena Bulk CEO Erik Hånell says he is ready to let the tanker company's ships pass through the war-torn Strait of Hormuz. "Yes. If it were a decision that was needed right now, the decision would have been that we would go through," he says.
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Report: $1.2 trillion in cargo stuck in Strait of Hormuz
Container ships worth $125 billion - equivalent to just over 1,200 billion Swedish kronor - are stuck in the Strait of Hormuz, according to insurance giant Allianz. Among them is the Swedish shipping company Stena Bulk, which continues to wait out geopolitical developments.
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Shipping company CEO says ships can start sailing through Strait of Hormuz within 24 hours
Several shipping companies are waiting to start sailing through the Strait of Hormuz, despite Iran and the U.S. saying they have signed a joint agreement. There are a number of questions that need to be cleared up in the next few days so we have clarity on exactly how it will work, says Stena Bulk CEO Erik Hånell.
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Stena Bulk CEO Erik Hånell cautiously optimistic ahead of Iran peace talks
Cautiously optimistic. This is how Swedish Stena Bulk CEO Erik Hånell sums up the situation ahead of this weekend's peace talks over the Iran conflict. He sees paying Iran for passage through the Strait of Hormuz as unlikely.
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Iran War Creates Wild West at Sea
Iran's blockade of the Strait of Hormuz is far from watertight. But it has proven effective enough in recent weeks to create chaos. A fifth of the world's oil and gas transport has come to a halt. Fuel and insurance prices are skyrocketing. Shipping companies are imposing extra fees and dumping containers in distant ports.
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Swedish oil shipping company: We need military escort out of the Persian Gulf
Stena Bulk CEO Erik Hånell wants the oil company's ships to be given military escorts out of the Persian Gulf. The demand comes after Iran's repeated threats to attack civilian ships trying to exit the Persian Gulf through the Strait of Hormuz.
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