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Mitsui O.S.K. Declines Transit Fees for Hormuz Strait Vessels Citing International Law

May 8, 2026
1 source
Insurance Journal
Mitsui O.S.K. Declines Transit Fees for Hormuz Strait Vessels Citing International Law

Story Summary

Japan's Mitsui O.S.K. Lines stated on May 8, 2026, that three vessels transiting the Strait of Hormuz in April did not pay fees, adhering to principles of international law. While Tehran proposed tolls as part of peace negotiations, MOL intends to avoid future payments, prioritizing crew and cargo safety over potential sanctions risks from shippers paying Iranian transit charges.

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