Maersk sees in the ceasefire between Iran and US possible transit options

Maersk celebrates the truce between the US and Iran, which opens transit options through Hormuz, but maintains a prudent approach given the lack of full security.

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FILED - 23 August 2023, Lower Saxony, Stade: Containers from the Maersk shipping company are on board a freighter on the Elbe. Photo: Focke Strangmann/dpa Focke Strangmann/dpa

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Maersk celebrated this Wednesday the announcement of a two-week ceasefire between the United States and Iran, which, according to the company, "can generate transit opportunities" through the Strait of Hormuz. However, the Danish shipping group stresses that the current scenario still does not guarantee full security for navigation.

In a statement sent to Europa Press, the shipping company has remarked that, for the moment, the information available about the agreement is scarce and the details remain very limited, which is why Maersk continues working to have a greater degree of clarity about the real scope of the truce.

"The ceasefire can generate transit opportunities, but it still does not provide full maritime security and we need to understand all possible associated conditions," the company has stated, insisting that any progress will depend on how the situation on the ground evolves.

In this context, the multinational has specified that any decision about crossing the Strait of Hormuz again will be taken based on constant risk assessments, a close monitoring of the security situation and the recommendations issued by the competent authorities and the partners with whom it collaborates in the area.

Maersk has reiterated, furthermore, that the protection of crews, vessels and cargo continues to be its absolute priority and that it will not assume risks that could compromise this basic premise.

"For our clients, visibility is low and we foresee that the situation will remain changeable. For the moment, we are adopting a prudent approach and will not make changes to specific services," the company has indicated, which is analyzing the possible effects of the ceasefire to inform, as soon as it has firm data, of any alteration in schedules, routes or contingency plans.

"We will continue to closely monitor the situation and provide updates as it clarifies in the coming hours and days," the Danish group has added.

The president of the United States, Donald Trump, has agreed to "suspend the attacks" against Iran for a period of two weeks. Subsequently, Tehran has stressed that, in that interval, "safe" transit will be possible through the strategic Strait of Hormuz, although "through coordination" with the Iranian Armed Forces.

Subsequently, the Prime Minister of Pakistan, Shehbaz Sharif, has assured that the understanding by which Washington has decided to halt its attacks against Iran for two weeks extends to "its allies" and implies an "immediate ceasefire throughout the territory, including Lebanon and other places." However, Israeli Prime Minister Benjamin Netanyahu has rejected that the agreement affects the operations that Israel maintains in Lebanese territory.