Mitsui O.S.K. Lines CEO Jotaro Tamura said shipping disruptions in the Strait of Hormuz may last longer than previously expected after recent vessel attacks raised the risk for oil tankers transiting the waterway. Given the current situation, Tamura said it is difficult to imagine shipping resuming in any form before year-end and that the risk level far exceeds what the company can accept.

2026-09-03

Mitsui O.S.K. Lines CEO Jotaro Tamura said shipping disruptions in the Strait of Hormuz may last longer than previously expected after recent vessel attacks raised the risk for oil tankers transiting the waterway. Given the current situation, Tamura said it is difficult to imagine shipping resuming in any form before year-end and that the risk level far exceeds what the company can accept.