Copenhagen, April 8 -- Danish shipping company Maersk on Wednesday said that it will adopt a cautious approach to transit the Strait of Hormuz despite ceasefire deal between Iran and the United States.
Maersk, one of the world's biggest container shipping groups, said the two-week ceasefire agreed between the US and Iran could open some transit opportunities for vessels in the Strait of Hormuz, but it fall short of providing security certainty to resume normal operations.
"At this point, we take a cautious approach, and we are not making any changes to specific services," the shipping group said in a statement.
"Any decision to transit the Strait of Hormuz will be based on continuous risk assessments, close monitoring of the security sit...