Germany's Hapag-Lloyd (HLAG.DE), opens new tab said on Monday that it is difficult to assess what effect U.S. President Donald Trump's plans to block the Strait of Hormuz would have on shipping.
"What's important is that passage through the Strait of Hormuz be restored as soon as possible," said a company spokesperson in an emailed statement.
From Hapag-Lloyd's view, as long as there are mines, passage is not possible, and in addition, insurance for passage is also difficult to obtain at this time, added the spokesperson.
Source: Reuters
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