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Hyundai reroutes ships with Hormuz blockage disrupting supplies

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By Reuters
  • Published KST
Jose Munoz, President and Chief Executive Officer of Hyundai Motor Company, speaks at the New York Auto Show media day at the Jacob K. Javits Convention Center on Apr. 1 in New York City. Getty Images via AFP-Yonhap

Jose Munoz, President and Chief Executive Officer of Hyundai Motor Company, speaks at the New York Auto Show media day at the Jacob K. Javits Convention Center on Apr. 1 in New York City. Getty Images via AFP-Yonhap

Hyundai Motor is rerouting ships around Africa to avoid the Strait of Hormuz, its CEO Jose Munoz told Bloomberg News in an interview published on Wednesday.

"We have deviated our ships to the Cape of Good Hope," Munoz said.