• BIMCO has received reports of an email scam, but we are still awaiting confirmation that this was in fact a scam.
• The fact that ships were attacked following apparent Iranian approval to transit underscores the complexity and volatility of the current security situation.

• Iran is blockading the Strait of Hormuz against what they perceive as hostile ships. Ships perceived friendly or neutral are not blockaded by Iran, but such ships can only transit via a route defined by Iran close to the Iranian coast.
• The US is enforcing a blockade against ships to and from Iranian ports. The US naval assets are enforcing the blockade from the Gulf of Oman as it is still too dangerous for US warships to operate inside the Strait of Hormuz.
• As part of their blockade, the US has attacked and detained one Iranian containership and has forced several other ships to turn back. Iran has attacked and detained two containerships and has forced several others to abort transit attempts through the Strait of Hormuz.
• While it is comforting to know that no crew have been injured in these attacks, it is deeply worrying that ships are attacked and ships and crew are used as bargaining chips in the confrontations.
• We urge all parties of the conflict to show restraint and help protect innocent seafarers.

• For most shipping companies, they will need a stable ceasefire and assurances from both sides of the conflict that the Strait of Hormuz is safe to transit.
• In terms of the prospects of returning to pre-conflict traffic patterns, the mine threat is of particular concern.
• Given the Iranian indications that mines have been laid in parts of the Strait of Hormuz, a mine clearance effort will most likely be needed to fully re-open the Strait.
• It is not clear exactly how long such mine clearance will take but it is likely that it will take several weeks.
• In the meantime, shipping will be restricted to using routes close to Iran and Oman. Due to their confined nature, these routes cannot safely accommodate the normal volumes of shipping through the Strait of Hormuz.

• The closure of an international strait is a violation of international law.
• International shipping is dependent on the freedom of navigation enshrined in the UN Convention on the Law of the Sea (UNCLOS).
• Attacks on the freedom of navigation undermine international trade and threaten the welfare and prosperity of nations worldwide.
• Attacks on innocent seafarers are always unacceptable. Seafarers should never be collateral damage during conflicts or simply while doing their job.

Source:BIMCO