Asian Shipowners to Cross Hormuz Before Western Firms, Executives Say

LAUSANNE, April 22 (Reuters) – Asian ship owners might begin to sail through the Strait of Hormuz soon amid a fragile U.S.-Iran ceasefire as they have a higher risk tolerance and can manage paying tolls unlike sanctions-complying Western firms, shipping executives said at the FT Commodities Global Summit on Wednesday.

Hundreds of tankers and other ships have been stuck inside the Middle East Gulf unable to cross the strait since the end of February, hitting global oil and liquefied gas supply in the world’s largest ever energy supply disruption.

Some tankers and cargo ships managed to escape