Aju Press — Hormuz is down to four ships a day and war-risk cover costs 40 times normal
pick
Aju Press — Hormuz is down to four ships a day and war-risk cover costs 40 times normal
· Aju Press
Source: View source · Aju Press · web
Why it's worth your time
Transits fell from roughly 125 vessels a day before the war to four on Sept 14, a VLCC's war-risk premium now runs from $250,000 toward $10 million, and Bab el-Mandeb moved 23% of its August 2023 box capacity. This is the arithmetic that turns a Gulf strike into a shelf price in Europe and the US, on a one-to-two-quarter lag — the clearest single receipt for the freight and insurance link in the chain.
Related
8 events DateTypeEvent
Sep 18 pickSemafor — shipowners ordered twice 2025's tanker count this year, the biggest buying spree in 25 years Sep 18 ArticleTanker orders double as the Iran war redraws crude routes (Semafor, Sept 18) — article Sep 18 ArticleThe War's Energy Shock Has Reached Freight and Rates, Not Food Sep 22 pickAXIS CEO Vince Tizzio — marine cover around Hormuz is up 30-40% on a year ago Sep 18 ScanMonster Scan Sep 17 ScanMonster Scan Sep 16 ScanMonster Scan Sep 15 ArticleWar-risk cover at 40 times normal; Hormuz down to 4 ships a day; box rates above 10,000 dollars (Aju Press, Sept 15) — article Source links
Tweets, videos, filings, articles, and source pages tied to this read.
ajupress.comajupress.com