According to Maersk's CEO Vincent Clerc, what is the expected impact of reopening the Strait of Hormuz on global cargo flows?

Vincent Clerc, CEO of Maersk, stated that 'the reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.'

What financial impact has the conflict had on Maersk’s fuel costs, and how has the company responded?

Maersk’s fuel bill has 'nearly doubled since the start of the conflict,' adding as much as $500m (£367m) in costs per month, which the company has passed on to customers through higher freight rates.

Reopening Strait of Hormuz Would Have Limited Impact on Cargo Flows, Says Maersk

May 7, 2026

Maersk CEO Vincent Clerc stated reopening the Strait of Hormuz would have limited impact on cargo flows, despite fuel costs doubling due to regional conflicts. Demand remains strong, though elevated energy prices may cause inflation risks later in the year.

theguardian

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