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About 10% of the global container ships caught in Gulf of Hormuz backup, ONE CEO says

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By Lisa Baertlein

LONG BEACH, Calif., March ⁠2 (Reuters) - Container ships account for roughly 100 of the ​750 ships backed up around ‌the Strait of Hormuz following U.S. and Israeli attacks on Iran, ⁠Jeremy Nixon, CEO ⁠of container carrier Ocean Network Express (ONE), said on Monday.

"About 10% of the container ship ‌global fleet is caught up ⁠in this," ‌Nixon said at a ​container shipping industry conference in Long Beach, California.

Maritime insurers ‌ceased voyages through ​the strait ⁠between Iran and Oman, ‌which carries around ⁠one-fifth of oil consumed globally as well as large quantities ​of gas, ‌as Iran retaliated against U.S. and ⁠Israeli strikes.

(Reporting ​by Lisa Baertlein; Editing by ​Mark Porter)

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