Supply Chains: Satellite data and intelligence reports indicate that over 150 vessels (primarily massive tankers and LNG carriers) have been stranded in the Persian Gulf region. At least four commercial vessels have been damaged as a result of the exchange of fire. Traffic in the Strait has practically ground to a halt.
Insurers withdrawing coverage: Leading maritime insurance providers (including Gard and Skuld) are urgently canceling „War Risk Cover” policies for vessels operating in the region, further deterring shipowners.
Shock in the freight market and stock exchanges: Market reaction has been immediate. Shipping costs have skyrocketed (rates from Shanghai to Dubai doubled over the weekend), while major players such as Maersk and Hapag-Lloyd are once again rerouting to bypass flashpoint areas.
Paradoxically, shares of global shipowners and tanker operators are seeing sharp gains. Tight supply and a drastic surge in freight rates are fueling the stock performance of maritime and energy sector companies (Brent crude prices recorded a nearly 9% spike).
