Mitsui OSK to Monitor Truce Before Ships Try to Cross Hormuz

Japan’s Mitsui OSK Lines Ltd., one of the world’s largest shipping companies, said it would need to scrutinize details of a US-Iran ceasefire agreement and its implementation before allowing its vessels to test the Strait of Hormuz.

“How it is implemented in the water, that is something we really need to understand,” Jotaro Tamura, who became president of the firm last week, said in a Bloomberg Television interview. MOL’s priority is the safety of each ship, he said, adding the company was working with the Japanese government.