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Unions and shipping employers said in a statement on Wednesday that they will continue to designate the Strait of Hormuz as a warlike operations area until at least July 9, maintaining double pay for seafarers in the area despite the fragile truce.
The status only covers ships whose companies are signatories of the International Bargaining Forum (IBF)’s labor agreements – around 15,000 vessels worldwide, according to the IBF.
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