AH-64 Apache helicopters fly over the Strait of Hormuz, April 17, 2026, with multiple commercial vessels visible below, as U.S. Army crews maintain a persistent aerial presence to support freedom of navigation and monitor maritime traffic in the strategic waterway. U.S. Central Command Photo<\/p>\n
Shipping Awaits Clarity on \u2018Project Freedom\u2019 as Hormuz Risks Remain High<\/p>\n
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\u2019s newly announced \u201cProject Freedom\u201d effort to reopen the chokepoint.<\/p>\n
Jakob Larsen, BIMCO\u2019s Chief Safety & Security Officer, said the industry still lacks the sort of formalized guidance that would normally underpin a return to routine transits.<\/p>\n
In comments provided to gCaptain, Larsen noted that\u00a0no formalized details or guidance\u00a0to the shipping industry regarding \u201c<\/p>\n
\u201d have been announced.<\/p>\n
Without Iranian consent for commercial ships to transit safely, Larsen said it remains unclear whether the threat to shipping can be \u201cdegraded or suppressed.\u201d Iran has warned that any ship attempting to transit the strait\u00a0without coordination with Iran\u2019s military\u00a0could face action, a posture that Larsen said could raise the risk of renewed hostilities as \u201cProject Freedom\u201d proceeds.<\/p>\n
BIMCO also questioned whether the initiative is built for endurance. \u201cIt is unclear whether \u2018Project Freedom\u2019 is sustainable in the longer run or whether it will be a limited operation to get some of the trapped ships out,\u201d Larsen said.<\/p>\n
The caution comes as Reuters reported that<\/p>\n
a South Korean ship was hit<\/p>\n
by an explosion in the Strait of Hormuz on Monday, while Iranian drones caused a fire at an oil installation in the UAE port of Fujairah.<\/p>\n
The U.S. military earlier reported<\/p>\n
two U.S.-flagged merchant ships<\/p>\n
had made it through the strait, but Iran denied any crossings had taken place.<\/p>\n
\u201cThe overall security situation for the shipping industry is currently unchanged, and our advice is for all shipowners to continue carrying out thorough risk assessments,\u201d Larsen emphasized.<\/p>\n
For operators, the message is clear that until there is credible, durable assurance of safe passage, convoy announcements and competing official claims may do little to shift commercial decision-making.<\/p>\n