BIMCO comments on suspension of ‘Project Freedom’

"The suspension of ‘Project Freedom’ shortly after its launch is a surprise," says Jakob Larsen, BIMCO’s Chief Safety & Security Officer.

"While a few ships made it out safely while ‘Project Freedom’ was in place, it was clear that transits without coordination with Iran entailed significant risk."

"Changes announced at short notice or changes that are surprising, such as the sudden suspension of ‘Project Freedom’, are a challenge for shipowners attempting to assess the risks and planning for leaving the Persian Gulf."

"Our members report that crews are coping mentally and practically with the situation. Shipowners are still able to buy provisions and fuel locally, although at elevated prices."