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Insurance: Uncertainty On the High Seas
Published 4 months, 1 week ago
Description
In the past 48 hours, activity through the Strait of Hormuz has been highly unstable. Some tankers have exited the Gulf in groups, while others have turned back mid-transit, with reports of ships coming under fire and restrictions reimposed after brief reopening signals. For the maritime industry, the impact is now showing up in insurance in tighter contract terms, sharply higher premiums, and in some cases the need for government-backed support to keep cover in place. Set against that backdrop, how has the insurance landscape for vessels transiting the Strait of Hormuz changed since the conflict began?
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