MOL Awaits Safety Clarity Before Resuming Hormuz Transits, CEO Says

Japan’s Mitsui O.S.K. Lines (MOL) is holding back from moving vessels through the Strait of Hormuz until it receives clearer safety assurances and guidance from the Japanese government, its chief executive said on Thursday, underscoring continued uncertainty despite a tentative ceasefire in the region.

Jotaro Tamura, who took over as president and CEO this month, said the company is ready to resume transits as soon as conditions allow but remains cautious amid lingering risks following the recent U.S.-Iran conflict.

“It’s not yet clear how this ceasefire will be implemented in the relevant waters,” Tamura told Reuters. “It must be confirmed that