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Shipping must remain under global rules despite Strait of Hormuz crisis, industry leaders warn

 22/04/2026 3 Views
Shipping must remain under global rules despite Strait of Hormuz crisis, industry leaders warn


With security uncertain, many vessels have been forced to reroute, often taking longer journeys around the Cape of Good Hope instead of using shorter routes through the Middle East and Suez Canal.

These diversions come at a cost, including high fuel consumption and ultimately higher prices for consumers, Kazakos said.

“Shipping is a resilient industry that has been for centuries and will always be. We’re always going to find ways to improvise, adapt, overcome,” he added.

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