Splash Wrap: Shipping in the spotlight
AI Summary
Shipping activity through the Strait of Hormuz has resumed but remains uncertain due to contested control claims between Iran and the US. Additionally, AP Moller Holding is acquiring Ocean Yield, a Norwegian ship-leasing specialist, highlighting ongoing industry shifts.
Commercial shipping through Hormuz is moving again, but the strait is still far from normal. Operators still face uncertainty over routing, approvals and who controls passage. Iran continues to claim authority over traffic management, while the US rejects that position. AP Moller Holding revealed it is acquiring Norwegian shipleasing specialist Ocean Yield from funds managed …