Shipping Awaits Clarity on ‘Project Freedom’ as Hormuz Risks Remain High

BIMCO is urging shipowners to keep their guard up in the Strait of Hormuz, warning that the overall security picture for commercial shipping is effectively unchanged despite U.S. President Donald Trump’s newly announced “Project Freedom” effort to reopen the chokepoint.

Jakob Larsen, BIMCO’s Chief Safety & Security Officer, said the industry still lacks the sort of formalized guidance that would normally underpin a return to routine transits.

In comments provided to gCaptain, Larsen noted that no formalized details or guidance to the shipping industry regarding “Project Freedom” have been announced.

Without Iranian consent for commercial ships to transit safely, Larsen said it remains