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 S&P Global Market Intelligence’s TPM26 container shipping conference in Long Beach.
S. and Israeli strikes. The commander of the country's Revolutionary Guards told Iranian state television Monday that any ship that attempted to transit the strait would be set aflame.
"All of that cargo is going to start backing up" in shipping hubs and key ports in Europe and Asia, Nixon said. ONE and rival container carriers such as industry leader MSC have stopped booking cargo to the Middle East, said Nixon, who on July 1 is stepping down as CEO of ONE. K.
Lines and K Line. Industry experts also warned that an extended closure of the Strait of Hormuz would cause oil prices to soar. "That would create a big energy spike," Nixon said.
