Japan’s Mitsui OSK Sees Risk to Hormuz Shipping Through Year-End

By Kanoko Matsuyama, Tsuyoshi Inajima and Yusuke Maekawa

(Bloomberg) –The head of Japanese shipping company Mitsui OSK Lines Ltd. expects disruption in the Strait of Hormuz to last longer than previously assumed, with recent attacks elevating the risk for tankers attempting to move oil through the waterway.

“Given the current situation, it’s difficult to see operations resuming in any form by the end of the year,” Chief Executive Officer Jotaro Tamura said in an interview. “The situation continues to be well beyond the level of risk we can accept.”

Clashes between the US and Iran over control of Hormuz have