"Shipping companies have cautiously welcomed Iran's announcement that the Strait of Hormuz is open but said they would require clarifications, including about the risk of mines, before vessels move through the entry point to the Gulf."
"All commercial ships, including United States vessels, can sail through the strait, although their plans need to be coordinated with Iran's Islamic Revolutionary Guard Corps, a senior Iranian official told the Reuters news agency."
"The status of mine threats is unclear and BIMCO believes shipping companies should consider avoiding the area, said Jakob Larsen, BIMCO's chief safety and security officer."
Iran announced the Strait of Hormuz is open to all commercial vessels, prompting a drop in oil prices and a rise in stock markets. Shipping companies are cautious, needing clarifications on mine risks and Iranian conditions before proceeding. All vessels, including U.S. ships, must coordinate with Iran's Islamic Revolutionary Guard Corps. The International Maritime Organization is verifying compliance with navigation freedom. The Norwegian Shipowners' Association and BIMCO have expressed concerns about mine threats and recommend caution in the area.
Read at www.aljazeera.com
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