Shipping Magnate Says Iranian Tolls Worth It To Open Strait of Hormuz
Billionaire shipping tycoon Evangelos Marinakis expressed his willingness to pay tolls to cross the Strait of Hormuz, emphasizing that it is preferable to having the strait closed. He mentioned potential fees ranging from $100,000 to $200,000 depending on the vessel size. In contrast, companies like Chevron and Mitsui OSK Lines have shown reluctance to pay such fees, with concerns about imposing tolls on this critical shipping route.
- ▪Evangelos Marinakis is one of Greece's largest shipowners, owning the Capitol Maritime Group.
- ▪He stated that paying a fee is better than facing disruptions in the Strait of Hormuz.
- ▪Iran proposed tolls that could reach up to $2 million per ship.
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Business Shipping Magnate Says Iranian Tolls Worth It To Open Strait of Hormuz (Photo by AFP via Getty Images) Spencer Lombardo Contributor June 03, 2026 11:58 AM ET June 03, 2026 11:58 AM ET Spencer Lombardo Contributor Font Size: const observer = new MutationObserver((mutations) => { const adDivToHide = document.querySelector("#dailycaller_incontent_1"); if (adDivToHide && dc_noads_page) { adDivToHide.classList.add("hide-premium", "hide-free"); observer.disconnect(); console.log("Ad div found and hidden"); } }); observer.observe(document.body, { childList: true, subtree: true }); A billionaire shipping tycoon says he’s willing to pay Iran to cross the contested Strait of Hormuz.
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