gCaptain9 Jul 2026Supply chain
Automatically composed with AI from the cited sources
War-risk premiums for Hormuz transits have risen to 2–6% of hull value, according to Marsh global head of marine Marcus Baker, compared with rates that had recently drifted below 2% before the interim ceasefire collapsed. Two brokers and two underwriters report a drop in quote requests, and visible shipping traffic through the strait has virtually halted, though some vessels have been transiting with transponders off. At the upper end, insuring a $100 million tanker now costs $6 million before no-claim discounts, still below the 10% peak charged during the height of hostilities.