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Vincent Clerc, CEO of Maersk: The two sides of war

Vincent Clerc, CEO of Maersk: The two sides of war

The Interview vor 5 Monaten

Jonathan Josephs speaks to Vincent Clerc, CEO of Maersk about disruption in the Gulf

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“We need to get back to something where freedom of navigation and
peaceful navigation is restored, and that will depend on some
kind of deal between the two sides in that war.” Jonathan Josephs
speaks to Vincent Clerc, CEO of Maersk the world’s second largest
shipping company. The conflict between Iran, Israel and the
United States has led to the closure of the vital Strait of
Hormuz. It’s one of the world’s most important shipping routes
which before this war, carried about a fifth of global oil
supplies. Cargo ships there are being targeted, and seafarers
have been killed. The disruption is halting the transport of
vital cargo containers and pushing up energy prices. Countries in
the Gulf region like Saudi Arabia, rely heavily on energy
exports, and, Asia, where much of it is sold, will be hit hard.
Food and fertiliser supplies are also being affected. It's not
just the Strait of Hormuz that's being disrupted. Security
threats mean shipping is also avoiding the Red Sea route through
the Suez Canal, which because of the sheer volume of cargo
traffic, is arguably more important to global trade. Vincent
Clerc says the cost of war will have to be passed on, leading to
higher prices for consumers around the world. Thank you to
Jonathan Josephs for his help in making this programme. The
Interview brings you conversations with people shaping our world,
from all over the world. The best interviews from the BBC,
including episodes with Majid Takht-Ravanchi, Iran’s deputy
foreign minister, Jamie Dimon Chief Executiveof JP Morgan Chase
and many others. You can listen on the BBC World Service on
Mondays, Wednesdays and Fridays at 0800 GMT. Or you can listen to
The Interview as a podcast, out three times a week on BBC Sounds
or wherever you get your podcasts. Presenter: Jonathan Josephs
Producer: Clare Williamson Editor: Damon Rose Get in touch with
us on email TheInterview@bbc.co.uk and use the hashtag
#TheInterviewBBC on social media.

(Image: Vincent Clerc Credit: BBC)