Evangelos Marinakis: ‘Protect Our Ships and Sailors and We Will Help Reopen the Strait of Hormuz for all Our Benefit’

Evangelos Marinakis, Chairman of Capital Maritime & Trading Corp, calls for an immediate international action in the Strait of Hormuz, stressing that restoring the free flow of energy from the Gulf is a matter of global security and economic stability. In his landmark article published in the Daily Telegraph, he highlights that the Strait of Hormuz is effectively closed for the first time, cutting off the transport of a fifth of the world’s crude oil, liquefied natural gas (LNG), and a third of fertilisers.

Mr. Marinakis proposes the creation of a common strategy to restore energy flow from the Gulf to global markets. The alliance, as he explains, will be based on three commitments: coordination of shipowners to redeploy fleets, mobilization of the Gulf States to immediately utilize their export infrastructure, and active US contribution through naval presence and diplomatic support.

At the same time, he calls on all stakeholders – shipping companies, Gulf energy ministers and policymakers in Washington – to take immediate action. “The time for action is now,” says Evangelos Marinakis.