Hormuz closures redraw shipping lanes, lifting rates: Mitsui O.S.K. CFO

Kazuya Hamazaki anticipates earnings boost as supply chains shift focus to resilience Mitsui O.S.K. Lines carriers experienced higher than expected freight rates in July and August. (Mitsui O.S.K. Lines) TOKYO — Japanese shipping operator Mitsui O.S.K. Lines is experiencing an earnings boost as the de facto closure of the Strait of Hormuz raises freight rates for ships carrying necessities, Chief Financial Officer Kazuya Hamazaki told Nikkei recently.

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