Maniatis: Hormuz Escalation Risk Has Eased

AI Summary

Dimitris Maniatis, CEO of Marisks, reports a reduced risk of escalation in the Strait of Hormuz following the latest intelligence assessments. Shipping activities continue under U.S. military guidance with shipowners cautiously optimistic despite security concerns.

Dimitris Maniatis, CEO of Marisks, says the latest intelligence assessment has reduced expectations of a near-term escalation in the Strait of Hormuz, after earlier analysis pointed to heightened risk. He says 25 ships transited the southern corridor under U.S. military guidance the previous day and vessel movements are continuing. Maniatis also says attractive earnings are drawing shipowners back to the route, while crews remain cautious but are willing to transit with bonuses, security support and proper risk assessments. He speaks with Abeer Abu Omar on Horizons Middle East and Africa. (Source: Bloomberg)