CMA CGM will dismantle the San Antonio after a missile strike in the Strait of Hormuz, highlighting the conflict's impact on shipping firms.
CMA CGM will dismantle its container vessel San Antonio after it was struck by a missile in the Strait of Hormuz in May, chief executive Rodolphe Saade told a business conference in France, reported Bangalore's Marine Insight.
Mr. Saade stated that the ship, one of the largest in the world, was too badly damaged to repair economically. The vessel had been stranded in the strait for weeks before being escorted to safety. Crew members injured in the attack were rescued.
The missile strike was among several incidents targeting commercial shipping during the height of hostilities between Washington and Tehran. Iran closed the Strait of Hormuz, which handles 20 percent of global oil and gas supply, after the US and Israel attacked the Islamic Republic on 28 February.
Despite an interim peace agreement, the US and Iran remain divided over the strait. Washington opposes tolls or maritime service fees, while Tehran insists they are its right. Tensions flared again after a projectile hit the vessel Ever Lovely, breaking the ceasefire.
CMA CGM stated that scrapping the San Antonio underscores the financial toll of the conflict on shipping firms operating in the region. The loss of the advanced container ship is a major setback for the French carrier.
