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German shipping company warns that imposing fees for transit through the Strait of Hormuz would be a grave mistake
German shipping company Hapag-Lloyd criticized the United States' plan to impose a 20% fee on shipments passing through the Strait of Hormuz, describing it as a grave mistake. It emphasized that imposing fees on international waters would be a legal violation and would undermine freedom of navigation, especially given the importance of the strait as a major route for global oil supplies, which account for about 20% of worldwide production. The company confirmed that regional tensions have not yet affected its operations and that it has adjusted its ship routes to avoid crossing the strait.
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