Shipping firm pays $2 million as Iran launches vetted, toll-based corridor
A shipping company reportedly paid the Iranian government two days ago to secure passage for its vessels under a newly established "safe" transit route within IRGC-controlled waters of the Strait of Hormuz.
Key Points
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1Iran is developing and implementing an approval system where only vetted vessels are allowed through the strategic waterway.
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2The new transit route operates as a 'safe corridor' located within Iran's territorial waters rather than international shipping lanes.
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3Ships must receive prior authorization from Islamic Revolutionary Guard Corps to utilize this designated passage.
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4Transit fees of approximately $2 million have been charged by Iranian authorities for access through the safe channel.
Developments
Perspectives
A shipping firm paid $2 million in March 1984, and the payment was made to let boats through.
— [Mar 20, 15:19] Shipping firm 'paid Iran $2 million' to let boats through Strait of Hormuz (Independent.co.uk)Iran is developing a new vetting system for ships transiting the Straits and could allow them passage once approved by Islamic Revolutionary Guard Corps.
— [Mar 20, 10:13] Iran developing a 'vetting system' for Strait of Hormuz transit: Report (Al Jazeera English)Iran has introduced a safe shipping corridor that allows selected vessels to pass through the Straits via an inside route only after receiving prior approval.
— [Mar 20, 10:02] Safe passage for $2m? Iran sets up 'corridor' for ships transiting Strait of Hormuz (Timesofindia.indiatimes.com)Iran has set a safe corridor that allows selected vessels to pass through the Straits via an inside route only after receiving prior approval.
— [Mar 20, 15:46] Iran begins charging $3 million for ships transiting Strait of Hormuz (Bne.eu)Iran has established a safe shipping corridor that allows selected vessels to pass through the Straits via an inside route only after receiving prior approval.
— [Mar 20, 15:46] Iran begins charging $3 million for ships transiting Strait of Hormuz (Bne.eu)Iran is developing an IRGC vetting system to approve ships case-by-case before they can transit through its "safe corridor" in a selective blockade strategy that has reduced Strait traffic by 95 percent. Several nations, including India and China, are currently negotiating direct passage with Tehran under this new framework of controlled access for approved vessels only.
Iran has launched an approved "safe shipping corridor" through its territorial waters in the Strait of Hormuz for vessels that undergo vetting via intermediaries. At this stage managed case-by-case and overseen by Iran's Islamic Revolutionary Guard Corps, at least nine ships have successfully transited using a registration system to avoid Omani passage under current regional tensions.