The War Premium Has Moved Into The Balance Sheet
AI Summary
The Strait of Hormuz remains open amid ongoing geopolitical tensions, creating complex decisions for shipowners due to collapsing traffic, attacks on ships, and volatile insurance conditions. The uncertain situation affects maritime insurance, trade flows, and shipping security.
The Strait of Hormuz is not closed. That may be precisely what makes the present situation more difficult for shipowners. A closed waterway produces a clear decision. An open waterway produces another clear decision. But a passage that remains technically open while traffic collapses, ships are attacked, insurance conditions change rapidly and the political situation ...