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Moller-Maersk alters its route through the Strait of Hormuz

epa03464510 (FILE) A file photo dated 08 March 2005 of Maersk headquarters with logo in Copenhagen, Denmark. AP Moller-Maersk third-quarter net profits almost tripled to 933 million dollars, the Danish shipping and oil group said 09 November 2012, citing better than expected results for its container shipping and oil business. Net profit in the corresponding business period of 2011 was 371 million dollars, while turnover in the business period was down 5 per cent year-on-year to 14.6 billion dollars, the conglomerate said. The group that operates container shipper Maersk Line, said container freight rates had increased compared to the preceding quarter and year-on-year. Maersk Line reported a profit of 498 million dollars compared to a loss of 289 million dollars during the same business period a year ago. EPA/TORBEN CHRISTENSEN

The world’s largest shipping firm, A.P. Moller-Maersk, has changed the route of  its ships that were sailing through the world’s busiest transit lane, the Strait  of Hormuz.

This applies for seaborne oil shipments, with Moller-Maersk citing safety concerns amid a rapid series of escalations between the U.S. and Iran.

The decision was taken as this week an Iranian surface-to-air missile shot down a U.S. military drone in international airspace over the Strait of Hormuz.

Soren Toft, the chief operating officer of A.P. Moller-Maersk, told  NBC News that the company has multiple assets, ships and people, crossing the Strait of Hormuz every day, every week. So far, it has not stopped serving the area but changed the route the ships use.

Attacks on two oil tankers in the Gulf of Oman last week and on four tankers off the United Arab Emirates in mid-May, both near the Strait of Hormuz, has ratcheted up concern about the prospect of a military confrontation.

Via NBC News

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