You will thank him
- Thread starter Diogenes
- Start date
Its fiction.
T. A. Gardner
Serial Thread Killer
We could start with higher insurance costs on shipping that moves in that area...
Is it?
That's what it is.
Insurance rates have not been a problem, because the free flow of shipping has almost never been a problem....it is now only because the Empire idiotically attacked Iran.
T. A. Gardner
Serial Thread Killer
You're wrong.
Shipping Surcharges Surge for Strait of Hormuz Cargo Following Iran Intervention
Global supply chains are facing a new wave of uncertainty and cost escalation as shipping carriers and insurers react to the recent military intervention in Iran.
www.bertling.com
Many insurance underwriters won't offer Middle East coverage to U.S., Israel, U.K.-linked vessels at any price
Many underwriters in maritime insurance won't offer Mideast coverage to shipping vessels linked to the U.S., Israel or U.K. as the war risk premium spikes.
www.cnbc.com
Rising Hormuz tensions push up Middle East shipping insurance costs, sources say
US and Israeli attacks on Iran and Tehran's reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance s
War Risk Insurance Costs Double As Middle East Tensions Worsen
U.S. and Israeli attacks on Iran and Tehran's reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week…
www.marinelink.com
Red Sea war risk rates ‘still rising’ after doubling in past week
<p>Development comes after Joint War Committee expands listed area in key waterway</p>
www.lloydslist.com
Middle East crude shipping costs surge on higher freight rates and insurance premiums
<p>Freight rates for modern tanker tonnage have soared almost 40% in the first market test for modern, very large crude carriers loading Middle East crude since last week’s attacks in the Gulf of Oman </p>
www.lloydslist.com
T. A. Gardner
Serial Thread Killer
Bullshit. I just proved insurance rates ARE a problem for shipping in the Persian Gulf and Red Sea and have been for over a decade.
None of those links dispute what I said....over many decades insurance costs for shipping in the region have not been a problem, because shipping has rarely been attacked.You're wrong.
Shipping Surcharges Surge for Strait of Hormuz Cargo Following Iran Intervention
Global supply chains are facing a new wave of uncertainty and cost escalation as shipping carriers and insurers react to the recent military intervention in Iran.
Many insurance underwriters won't offer Middle East coverage to U.S., Israel, U.K.-linked vessels at any price
Many underwriters in maritime insurance won't offer Mideast coverage to shipping vessels linked to the U.S., Israel or U.K. as the war risk premium spikes.
Rising Hormuz tensions push up Middle East shipping insurance costs, sources say
US and Israeli attacks on Iran and Tehran's reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance swww.bairdmaritime.com
War Risk Insurance Costs Double As Middle East Tensions Worsen
U.S. and Israeli attacks on Iran and Tehran's reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week…
Red Sea war risk rates ‘still rising’ after doubling in past week
<p>Development comes after Joint War Committee expands listed area in key waterway</p>
Middle East crude shipping costs surge on higher freight rates and insurance premiums
<p>Freight rates for modern tanker tonnage have soared almost 40% in the first market test for modern, very large crude carriers loading Middle East crude since last week’s attacks in the Gulf of Oman </p>
Insurance costs for ships passing through the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman, have surged over 60% since the Israel-Iran conflict began, YemenOnline reports, citing Financial Times. According to U.S.-based Marsh & McLennan Companies Inc., the cost of hull and machinery insurance has increased from 0.125% to about 0.2% of a vessel’s value, raising premiums on a $100 million ship from $125,000 to $200,000.
www.businessinsurance.com
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Insurance rates have generally been minimal.
Insurance costs nearly double for ships in the Middle East
Insurance costs for ships passing through the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman, have surged over 60% since the Israel-Iran conflict began, YemenOnline reports…
www.businessinsurance.com
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Insurance rates have generally been minimal.
T. A. Gardner
Serial Thread Killer
So? The earlier links I provided go all the way back to 2018 and show that rates have continually risen far faster, doubling in some cases overnight, for shipping the Persian Gulf and Red Sea. This latest round of war with Iran is not some isolated thing in terms of maritime insurance rates.Insurance costs for ships passing through the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman, have surged over 60% since the Israel-Iran conflict began, YemenOnline reports, citing Financial Times. According to U.S.-based Marsh & McLennan Companies Inc., the cost of hull and machinery insurance has increased from 0.125% to about 0.2% of a vessel’s value, raising premiums on a $100 million ship from $125,000 to $200,000.
Insurance costs nearly double for ships in the Middle East
Insurance costs for ships passing through the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman, have surged over 60% since the Israel-Iran conflict began, YemenOnline reports…
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Insurance rates have generally been minimal.