About 10% of the global container ships caught in Gulf of Hormuz backup, ONE CEO says
About 10% of the global container ships caught in Gulf of Hormuz backup, ONE CEO says
By Lisa BaertleinMon, March 2, 2026 at 8:37 PM UTC
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Oil tankers pass through the Strait of Hormuz, December 21, 2018. REUTERS/Hamad I Mohammed
(Refiles to remove extraneous headline tag)
By Lisa Baertlein
LONG BEACH, Calif., March 2 (Reuters) - Container ships account for roughly 100 of the 750 ships backed up around the Strait of Hormuz following U.S. and Israeli attacks on Iran, Jeremy Nixon, CEO of container carrier Ocean Network Express (ONE), said on Monday.
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"About 10% of the container ship global fleet is caught up in this," Nixon said at a container shipping industry conference in Long Beach, California.
Maritime insurers ceased voyages through the strait between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of gas, as Iran retaliated against U.S. and Israeli strikes.
(Reporting by Lisa Baertlein; Editing by Mark Porter)
Source: “AOL Breaking”
