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Home›Global Markets›Trade & Tariffs›Shipping industry criticizes proposed Hormuz tolls for…

Shipping industry criticizes proposed Hormuz tolls for transit lanes

Reported · Written up by our desk · Trade & Tariffs

The global shipping industry has raised concerns about a proposed toll plan tied to passage through the Strait of Hormuz, arguing that charging fees for transit through international waters is inappropriate.

CNBC Markets reports that Hapag-Lloyd said the approach is fundamentally wrong, adding that the issue applies regardless of which country is in charge of the waterway.

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Sources

CNBC MarketsGlobal shipping industry sounds the alarm over Trump’s Hormuz toll plan
CNBC WorldGlobal shipping industry sounds the alarm over Trump’s Hormuz toll plan

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