Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Japanese shipper MOL issues new safety advisory for Strait of Hormuz transit

Commodities | Energy | Electric Power | Renewables | Natural Gas

Hydrogen: Beyond the Hype

Shipping | Marine Fuels

Platts Bunkerworld

Oil | Refined Products | Fuel Oil | Shipping | Dry Freight | Marine Fuels | Tankers

Mediterranean Bunker Fuel Conference, 9th Annual

Oil | Crude Oil | Shipping

Iranian gasoline starts to arrive in fuel-starved Venezuela

Japanese shipper MOL issues new safety advisory for Strait of Hormuz transit

Tokyo — Japan's Mitsui O.S.K. Lines, one of the country's largest shipowners, issued a new safety advisory for its vessels transiting the Strait of Hormuz, the key chokepoint for oil and gas ships traversing the Persian Gulf, amid heightened tensions between the US and Iran.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Under the latest safety advisory -- which was issued after a US strike Thursday in Baghdad killed Iranian General Qassem Soleimani -- MOL advised its ships to keep a distance from the Iranian coast and avoid Iranian waters when transiting the Strait of Hormuz, a company spokesman said Monday.

NYK Line, another major Japanese shipowner, also maintained its measures in place, including maximizing the speed of its ships passing through the Strait of Hormuz, a spokesman said Monday.

MOL has about 30 ships with UK-linked flags including those not transiting the Strait of Hormuz, accounting for about 3% of its total fleet, the spokesman said. UK-linked flags include Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, and Isle of Man.

The UK is beefing up security around the Strait of Hormuz. Iran in the past had threatened to close the waterway in case of war in the region.

"I have instructed preparations for HMS Montrose and HMS Defender to return to accompanying duties of Red Ensign Shipping in the Strait of Hormuz," UK defense secretary Ben Wallace said in a statement on Saturday. "The government will take all necessary steps to protect our ships and citizens at this time."

The Strait of Hormuz is the world's most important oil chokepoint because of the large volumes of oil that flow through it. In 2018, its oil flow averaged 21 million b/d, or the equivalent of about 21% of global petroleum liquids consumption, according to the US Energy Information Administration.

-- Takeo Kumagai,

-- Edited by Geetha Narayanasamy,