World Bulletin / News Desk
Maersk Line said on Wednesday it had provided a letter of undertaking in relation to uncollected cargo that has led to the seizure by Iranian authorities of the vessel Maersk Tigris.
"Today, we have had a constructive dialogue with the Iranian courts and Ports & Maritime Organization," the Danish shipping company said in a email to Reuters.
"Earlier today, we provided a letter of undertaking in relation to the underlying cargo case," it said.
The cargo vessel seized by Iranian forces as it was traversing the Strait of Hormuz last month will likely be released in two days, after it pays a fine, Iran's Foreign Ministry spokeswoman said Wednesday.
The Strait of Hormuz is the route for about a fifth of the world's oil and is approximately 33 kilometers wide at its narrowest point. Ships traversing the point have even less room to maneuver with the shipping lane in either direction being only 2 miles wide, with a 2-mile buffer zone between them.
Last Mod: 06 Mayıs 2015, 16:03