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.
BusinessSeveral 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.
Business"There is still confusion and uncertainty around the Strait of Hormuz. The rapid changes are taking a toll on crews stuck in the Persian Gulf. It is clear that this is a pressured situation," says Stena Bulk CEO Erik Hånell.
BusinessIran'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.
BusinessStena 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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