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Jakob Larsen
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Jakob Larsen

Chief safety officer of Bimco, the Baltic and International Maritime Council, who assessed Hormuz transit risk.

Last refreshed: 17 June 2026 · Appears in 1 active topic

Key Question

Why are tankers still not moving through the Strait of Hormuz after the Iran deal was signed?

Timeline for Jakob Larsen

#132 18 Jun

Declared Hormuz transits still very risky on 18 June

Iran Conflict 2026: Insurers and mines keep Hormuz shut
#130 16 Jun

Assessed Hormuz crossings as very risky while mines remained active

Iran Conflict 2026: 500 ships idle as Hormuz stays shut
View full timeline →

Background

Jakob Larsen serves as chief safety and security officer at BIMCO, the Baltic and International Maritime Council, the world's largest international shipping association by gross tonnage. In this role he is the primary spokesperson on maritime security threats to global commercial shipping, including piracy, naval conflict, and navigational hazard assessments. On 16 June 2026, following the signature of the Islamabad memorandum between Iran and the United States, Larsen stated that Strait of Hormuz crossings remained very risky because floating mines were still live, no IRGC order had cleared the shipping lanes, and no Protection and Indemnity insurance club had lifted its Hormuz war-risk exclusion.

BIMCO acts as the principal voice for shipowners on questions of route viability and security risk. Its assessments directly influence whether operators and their insurers will authorise transits through contested waters. Larsen's statement on 16 June was significant because it contradicted the market narrative that had caused Brent Crude to fall on the signing; his view was that the deal created an expectation of reopening that had no ships behind it, with more than 500 vessels still anchored in the Gulf.

Larsen's role in the Hormuz story is that of the operational reality check on the political announcement. His assessment that the two tanker transits logged on 15-16 June were IRGC toll passages rather than a lane reopening was the clearest signal that the physical and insurance conditions for normal traffic had not been met, regardless of what the memorandum said.

Common Questions
Who is Jakob Larsen?
Jakob Larsen is chief safety and security officer at BIMCO, the world's largest international shipping association, responsible for maritime security assessments including navigational threats in contested waters.Source: DB event 4270
What did Bimco say about the Strait of Hormuz after the Iran deal?
BIMCO's Jakob Larsen stated that Hormuz crossings remained very risky after the Islamabad memorandum was signed. Floating mines were still live, no IRGC clearance order had been issued, and no P&I insurance club had lifted its Hormuz war-risk exclusion.Source: DB event 4270
Why are ships not transiting the Strait of Hormuz despite the Iran-US ceasefire?
Because the operational conditions for SAFE transit have not been met. Floating mines remain active, the IRGC has not formally cleared the shipping lanes, and insurers have not lifted Hormuz war-risk exclusions. Over 500 ships remained anchored in the Gulf after the Islamabad signing.Source: DB event 4270
What is Bimco?
BIMCO (Baltic and International Maritime Council) is the world's largest international shipping organisation by gross tonnage, providing contracts, standards, and security guidance for the global Shipping Industry.Source: General knowledge
Source Material