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(Bloomberg) — Japanese shipping companies have suspended operations in the Persian Gulf as the military conflict in Iran escalates.
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Nippon Yusen KK temporarily halted its operated vessels from traveling through the Strait of Hormuz, said a spokesperson. Kawasaki Kisen Kaisha Ltd. has instructed its boats in the Persian Gulf to remain on standby, while Mitsui OSK Line Ltd. ordered its vessels to wait in safe waters.
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Oil shipping has largely paused in the Strait of Hormuz that links the oil-rich Persian Gulf to the open seas after the US and Israel bombed Iran, with Iranian media saying the waterway is “practically closed.” Earlier, the US warned ships to stay away from the Persian Gulf and Arabian Sea, specifically 30 nautical miles from American military assets.
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The Japanese Shipowners’ Association will facilitate information sharing and coordinate with relevant government ministries and agencies, the industry body said in a statement on Sunday.
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“Given that our country depends on Middle Eastern nations for 94.6% of its crude oil imports, the recent attacks raise serious concerns that the safety of maritime navigation may be threatened and that the stable transportation of energy resources and other trade goods could be significantly disrupted,” Hitoshi Nagasawa, chairman of the association and Nippon Yusen, said in the statement.
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An Idemitsu Kosan Co. spokesperson said that there had been no impact on supplies to Japan as of Saturday night.
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“The situation is changing rapidly, and we are monitoring it closely,” the spokesperson said.
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A Cosmo Energy Holdings Co. representative said there had been no immediate problems with crude oil supply.
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Japan’s airlines have also been impacted by the conflict, with Japan Airlines Co. saying in a statement that it canceled six flights between the Haneda Airport and Doha through March 3. About 1,000 passengers are expected to be affected.
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—With assistance from Natsuko Katsuki and Masaki Kondo.
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(Adds comment from Japanese Shipowners’ Association from fourth paragraph.)
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English (US)