The War Premium Has Moved Into The Balance Sheet
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 ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
