Mercuria Was Able to Get Ships Out Through Hormuz, CEO Says

Mercuria Energy Group Ltd. was reasonably well positioned before the closure of the Strait of Hormuz, and has been able to get ships out even after war erupted at the end of February, its co-founder and chief executive officer said.

“There’s various ways to do it,” Marco Dunand said at the FT Global Commodities Summit in Lausanne, Switzerland, declining to comment further. More oil tankers are transiting the waterway than vessel tracking data show, he added.