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From
Reuters
via
gCaptain
Maritime Insurance Premiums Surge as Iran Conflict Widens
As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than 1000% -- dramatically driving up the cost of moving energy through a critical maritime corridor.

From
Bloomberg
via
gCaptain
Qatar Appears to Have Loaded First LNG Cargo Since Force Majeure
Qatar appears to have loaded its first liquefied natural gas cargo after the widening conflict in the Middle East forced it to halt fuel production and declare an unprecedented force majeure to buyers.

From
Paul Morgan
via
gCaptain
When the Underwriters Blinked: What the Hormuz Insurance Crisis Really Means
The viral social media post claimed Donald Trump had just "killed the British Empire" in a matter of minutes. The truth is simultaneously more complicated, more interesting, and in some ways more consequential than that.

From
Mike Schuler
via
gCaptain
CK Hutchison Escalates Legal Fight After Panama Seizes Canal Ports
Hong Kong–based CK Hutchison Holdings said Friday it has intensified its legal response to Panama’s takeover of two key container terminals near the Panama Canal, escalating a dispute that has already drawn in major global shipping companies and geopolitical powers.

From
Bloomberg
via
gCaptain
Reinsurers Scrap War-Risk Cover After US Torpedoes Iranian Ship
London-based reinsurers are issuing seven-day cancellation notices on marine war-risk coverage after a US submarine torpedoed an Iranian warship off Sri Lanka, amplifying risk perception, according to people familiar with the matter.

From
Reuters
via
gCaptain
Qatar Energy Minister Warns War Will Force Gulf to Halt Energy Exports Within Weeks, FT Says
Qatar expects all Gulf energy producers to shut down exports within weeks if the Iran conflict continues and drives oil to $150 a barrel, the country's Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Friday.

From
Mike Schuler
via
gCaptain
U.S. Grants 30-Day Waiver Allowing India to Receive Russian Oil Cargoes Already at Sea
The U.S. Treasury Department has issued a temporary sanctions waiver allowing Indian refiners to receive Russian crude oil cargoes already loaded on tankers, a narrowly targeted move aimed at preventing...

From
Bloomberg
via
gCaptain
US Sinking of Iranian Warship Piles Pressure on India’s Modi
The US sinking of an Iranian warship off Sri Lanka’s coast expands the deepening Middle East war to India’s doorstep, unsettling New Delhi’s calibrated approach to the conflict as Iran vowed to avenge the attack.

From
Mike Schuler
via
gCaptain
Container Shipping Rates Rise as Asian Factories Reopen—But Hormuz Crisis Threatens New Shock
Global container shipping rates edged higher this week as Asian export activity begins to rebound following the Lunar New Year holiday, with carriers preparing to restore capacity across major trade lanes—though...

From
Lori Ann LaRocco
via
gCaptain
Over 270,000 TEU Stranded as Container Carriers Halt Gulf Cargo Bookings
Hundreds of thousands of containers are in limbo after ocean carriers suspend cargo bookings to Arabian Container Ports.

From
Mike Schuler
via
gCaptain
World’s LNG System Strains as Qatar Halt Leaves Little Backup Supply
Companies in the United States and Australia, two of the top global liquefied natural gas producers, have little spare capacity to offset lost supply after Qatar halted production and declared force majeure on shipments due to the conflict in the Middle East, according to Reuters calculations and industry analysts.

From
Mike Schuler
via
gCaptain
Hormuz Crisis Triggers War-Risk Measures for Seafarers
The global shipping industry is raising urgent warnings about the safety of civilian seafarers as escalating conflict in the Middle East halts commercial traffic through the Strait of Hormuz, strands hundreds of vessels, and forces insurers, labor groups, and shipowners to enact emergency measures.