About 10% of the global container ships caught in Gulf of Hormuz backup, ONE CEO says

(Refiles to remove extraneous headline tag)

By Lisa Baertlein

LONG BEACH, Calif., ​March 2 (Reuters) – Container ‌ships account for roughly 100 of the 750 ships backed up around ‌the ​Strait of ⁠Hormuz following U.S. ⁠and Israeli attacks on Iran, Jeremy Nixon, CEO of container carrier ​Ocean Network Express (ONE), said on Monday.

“About ⁠10% of the ⁠container ship global ​fleet is caught up ​in this,” Nixon said ‌at a container shipping industry conference in Long Beach, California.

Maritime insurers ⁠ceased voyages through the strait between Iran and Oman, ⁠which ‌carries around one-fifth ⁠of oil consumed ​globally ‌as well as ​large quantities ⁠of gas, as Iran retaliated against U.S. and Israeli strikes.

(Reporting by Lisa Baertlein; Editing by Mark ​Porter)