This will further preclude the re-start of ships through the Strait, even though we had a fully laden LPG depart early this morning, laden: Danuta I.
06.03.2026 16:25
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This will further preclude the re-start of ships through the Strait, even though we had a fully laden LPG depart early this morning, laden: Danuta I.
When this happens, the shipping reinsurers (those that back the P&I Clubs) withdrew their policies, requiring even higher war risk. Pre-war it was 0.15 to 0.25%. Reports have it reset to 0.5 to 3%, but we may see even higher now, or more toward the higher end.
The Joint War Committee just amended the high-risk areas and now this may lead to a new evaluation and a higher risk for the region in and around the Strait of Hormuz.
DID THE NAVY JUST SINK SHIPPING?
Was there any discussion about the impact that sinking an Iranian frigate near a heavily trafficked shipping lane would have on global shipping.
The survivors were brought into Galle on the SW coast of Sri Lanka, which is near a heavily congested route.
This is the tug Mussafah 2 of the UAE. Reports are that all eight crewmembers have been killed.
What's Going on With Shipping Stocks with @mintzmyer of Value Investor's Edge @Shipping_VIE
1⃣Tankers
2⃣Containers
3⃣Bulkers
Video: youtu.be/RrWxQZS5hx0
▶️VLCCs are loading Saudi crude at Red Sea pipeline terminus for India delivery; one VLCC fully fixed at $537,913 per day, another on subs at $757,772 per day
▶️As closure drags on, more vessels should reposition to safe loading ports in the Atlantic, which should eventually put pressure on rates
They all said Hormuz closure would be brief. What if they were wrong?
▶️Baltic Exchange’s MEG-China VLCC index reaches new high of $485,959 per day; MEG-Singapore VLCC index is at $507,709 per day
The ships are well stocked, but they can pull food from ship agents ashore.
Trump Fires DHS Secretary Kristi Noem After Turbulent Maritime Tenure
gcaptain.com/trump-fires-...
Insurers Say War Cover Still Available for Gulf Voyages as Shipping Crisis Deepens
gcaptain.com/insurers-say...
Why Are There No Ships in the Strait of Hormuz | March 5, 2026, Update
Video: youtu.be/lwSLe1qWpSs
Strait of Hormuz & Persian Gulf Update - March 4, 2026
1⃣US Navy Escorts?
2⃣US Underwrite War Risk Insurance?
3⃣US Navy Sinks Iranian Corvette
4⃣Attack on Russian LNG
5⃣Container Sector & Black Swan Event
6⃣Cruise Ship Sector
7⃣Port Status
Video: youtu.be/ruOkuy3Tqv0
Strait of Hormuz & Persian Gulf Update - March 4, 2026
1⃣US Navy Escorts?
2⃣US Underwrite War Risk Insurance?
3⃣US Navy Sinks Iranian Corvette
4⃣Attack on Russian LNG
5⃣Container Sector & Black Swan Event
6⃣Cruise Ship Sector
7⃣Port Status
Video: youtu.be/ruOkuy3Tqv0
Dire Strait: Strait of Hormuz Update for March 3, 2026
1⃣Past 24 Hours & UKMTO Joint Maritime Information Center Update
2⃣ Ship Transits Strait of Hormuz, Suez & Bab el-Mandeb
3⃣Shipping News gCaptain & Lloyds List Recap
Video: youtu.be/8xUALzztelM
🚨 2 March: The ITF & Joint Negotiating Group designate the Strait of Hormuz and surrounding waters as a High Risk Area, activating enhanced protections for IBF-covered seafarers.
www.itfglobal.org/en/news/join...
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US Flagged Tanker Stena Imperative Hit in Bahrain | One Dead and Two Injured | Crew Evacuated
Video: youtu.be/1g7lSBUjSfI
This is more of a case of war risk insurance
Hate...definitely hate!
Remember when we were sending a hospital ship to Greenland.
USNS Mercy is currently traversing the Panama Canal into the Pacific and heading to her shipyard availability at VIGOR in Oregon.
US Flagged Tanker Stena Imperative Hit in Bahrain | One Dead and Two Injured | Crew Evacuated
Video: youtu.be/1g7lSBUjSfI
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates
www.insurancejournal.com/news/interna...
Stateless shadow fleet tanker seized by French and Belgian forces in North Sea
▶️Belgian special forces seize sanctioned, Ethera in the country’s exclusive economic zone
▶️Operation Blue Intruder saw multiple EU states support the operation
www.lloydslist.com/articles/202...
Middle East ports suspend operations as at least three ships are hit
▶️Operations suspended in Dubai, Oman and Bahrain ports, but others remain open
▶️At least three ships have been hit, several crew injured and one seafarer is confirmed dead
www.lloydslist.com/articles/202...
▶️Only several smaller tankers have passed the strait since Saturday night as crude cargoes are shut-in
▶️Most of Saturday’s transits headed eastbound towards the Indian Ocean
www.lloydslist.com/articles/202...
Tankers shun Strait of Hormuz as total vessel traffic plunges
▶️Overall traffic drops amid deteriorating security situation,with 19 transits so far today (Sunday, March 1)
Ships Stranded at Hormuz: 1 March 2026 Update
1⃣March 1 Update
2⃣Shipping Stories Last 24 Hours Recap
3⃣UK Maritime Trade Operations Advisories & Attacks
4⃣Strait of Hormuz Insurance
5⃣Impact on the Tanker Sector
Video: youtu.be/lcdNGlbep1M
▶️Freight impact depends on how long Hormuz stays constrained; some vessels may get exemptions
▶️MSC, CMA CGM, Hapag Lloyd all order ships to seek safe shelter
www.lloydslist.com/articles/202...
Iran attacks prompt Red Sea rethink as box shipping exits Strait of Hormuz
▶️Carriers halt Hormuz transits and suspend Suez/Red Sea routings amid Iran conflict risks
▶️About 170 containerships totalling 450,000 teu are stuck inside Hormuz ▶️Middle East Gulf ports report shutdowns and disruptions
But 20% of global crude comes out of the Persian Gulf and through the Strait of Hormuz.
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