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Ship operators urge clear rules to return Hormuz to normal

Published by Global Banking & Finance Review

Posted on June 1, 2026

2 min read

· Last updated: June 1, 2026

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Ship Operators Urge Clear Strait of Hormuz Rules to Resume Safe Shipping

By Jonathan Saul and Renee Maltezou

Shipping Industry Calls for Clear Guidelines Amid Strait of Hormuz Tensions

ATHENS, June 1 (Reuters) - Shipping executives meeting in Athens on Monday said that any peace deal worked out between the United States and Iran would need to offer clear rules allowing vessels to resume normal business via the Strait of Hormuz.

Shipowners and maritime industry officials met at a Capital Link conference and other events to begin Posidonia, a week-long biennial shipping exhibition.

Industry Leaders Share Perspectives on Strait of Hormuz

Below are selected quotes (in alphabetical order):

Pankaj Khanna, President, Heidmar Maritime Holdings Corp

"What we need is obviously a framework, a rules regulation, whatever tells us exactly how we can go in and get out. So even if a peace deal was signed, that needs to be clarified and that we don't know as yet.

Impact on Seafarers

Khanna said the company had a vessel stuck inside the Gulf for the past three months and noted the impact on seafarers: "Obviously the seafarers on board are missing out, not only on seeing their families but also on births, on deaths, on marriages."

Vasilis Kikilias, Greece’s Shipping Minister

"Can somebody predict (the end of the conflict)? Unfortunately, no. It has been proven that there is no prediction, and things get messy in terms of conflicts very, very easily, and they get untangled very, very difficult.

Call for Free Passage and Global Trade Stability

"We are hoping, of course, that there will be a solution. We cannot accept that there will be no free pass for ships all over the globe. I wish that they would leave shipping the shipping industry, the seafarers, and global trade out of the equation, but it seems like this is impossible."

Yiannis Procopiou, CEO, Centrofin Management

"While insurance might be available, this does not mean that the straits is really a place where you want to be transiting, at least until we have clear rules of engagement as the shipping industry as to how we deal with the two nations that are involved here, the U.S. and Iran ...That's, right now, a very high risk proposition."

Reporting and Editing

(Reporting by Renee Maltezou and Jonathan Saul; editing by Jason Neely)

Key Takeaways

  • Shipping operators demand a clear legal and operational framework for Hormuz transit post–peace deal, citing high risks and uncertainty for crew and vessels.
  • Maritime officials warn that insurance alone isn’t enough: without defined rules of engagement, passage through Hormuz remains too dangerous.
  • The shipping minister of Greece stresses urgency, stating that global trade depends on freedom of navigation through the strait.

Frequently Asked Questions

Why do ship operators want clear rules for the Strait of Hormuz?
Operators need clear rules to safely resume vessel movements and ensure seafarers' welfare after any U.S.-Iran peace deal.
What challenges are shipowners facing in the Strait of Hormuz?
Shipowners face regulatory uncertainty and risks, including vessels stuck in the Gulf and concerns over crew welfare.
How has the conflict between the U.S. and Iran affected global shipping?
Tensions have disrupted normal vessel transits, heightened risks, and created demand for regulatory clarity in the region.
What is the stance of Greece’s shipping minister on the issue?
Greece's shipping minister hopes for free passage and urges protection of the shipping industry and seafarers from conflicts.
Are insurance options enough for shipowners to transit Hormuz?
While insurance is available, shipowners see high risks and want clear engagement rules before sending vessels through Hormuz.

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