CMA CGM Ship Hit By Missile In Strait Of Hormuz To Be Scrapped, Says Company CEO

The CMA CGM container vessel San Antonio, struck by a missile in the Strait of Hormuz during the US-Iran war, is to be scrapped as repairs are deemed economically unviable. The Strait of Hormuz — handling 20% of global oil and gas supply — was closed to shipping by Iran following hostilities, and the situation remains tense with ongoing ceasefire violations, posing continued severe disruption to maritime traffic in the region.