Is the Strait of Hormuz closed to shipping?

THE conflict in the Middle East is entering its second full week, and shipping continues to find itself on the frontlines. Vessels have been attacked and seafarers have paid with their lives, as missiles are exchanged back and forth over the Middle East Gulf. The Strait of Hormuz is at the very centre of this conflict’s consequences. The narrow chokepoint is critical to global energy supply, and traffic through it has slowed to a trickle. So is the strait itself effectively closed to shipping? Will owners take the risk to secure huge charter rates? How is the insurance sector providing cover for those that do want to transit the strait? Listen to the episode and register for the webinar on demand to get the answers to these questions and many more. Joining Richard on this week’s podcast are Bridget Diakun, senior risk and compliance analyst, Lloyd’s List Cichen Shen, APAC editor, Lloyd’s List Tomer Raanan, maritime risk analyst, Lloyd’s List David Osler, law and marine insurance editor, Lloyd’s List Register for Lloyd’s List’s briefing on the Strait of Hormuz here: https://event.on24.com/wcc/r/5264575/E998B50EC5FF87C27028010CCA885055 This episode of the Lloyd’s List Podcast is brought to you by Veson. Find out more at www.veson.com/decarb-guide