Lots of insurance firms do not cover us, Israeli ships at all costs

A Conflict in the Middle East He headed a lot of insurance under the maritime market to avoid coverage in the region of any US, Israel or court associated with the UK.

“Numerous underers do not touch the courts with the UK, UK or Israeli links at all costs,” said David Osler, an insurance editor on Lloida.

According to the insurance broker march McLena, Tariffs among insurance companies offering vessels now make up 0.25% -0.45% of the cost of the ship, which is compared to 0.125% a few weeks ago.

According to Osler, these rates were consistent over the previous week, but after the United States was coming on the weekend on Iran’s nuclear sections, the risk indicators of the Middle East, according to Oslen.

By the end of Monday, the prices rose to 0.5%, and for the US -related ships were even higher.

In containers and tankers, ships and tankers are evaluated, depending on age, size, cargo and markets, with container categories cost anywhere from tens of millions of dollars to the most expensive container ships and oil tankers, reaching $ 100 million.

Osler tells CNBC from the fluidity, the underers also reduced the required notice period from 48 hours to 24 hours.

“The confidence we can convey is that we can get insurance. The uncertainty is the prices,” said Marcus Baker, head of the world maritime, cargo and logistics in the Maclaanan march.

Baker told CNBC that it couldn’t remember the time when the notification period was reduced from 48 hours to 24 hours.

Tariffs on the ocean in the Middle East They also felt a splash.

Among the questions that affect the insurance market Concern to Iran’s lock and traps of shipsand the level of appetite from China, A great customer of Iran’s oil. On Tuesday, President Trump said on Tuesday that China could continue to buy Iranian oil, the US signal did not intend to maximize the pressure on Iran’s economy.

“If there was a rollback from China, there would be less calling for military risk, so simple demands and demands suggest that it should reassure rates,” Osler said.

Osler noted that the rates should facilitate if the current pre -cessation of the fire, based on the information he received from the insurance market sources, but on Tuesday showed that it was uncertain and weighed at the worldview.

“It just gets into the heart of nervousness we see in the market because they just do not know, and everything happens so fast. I mean in Trump’s interview this morning I don’t know what it will do, but he obviously wicked,” said Osler of President Trump’s comments in the press before he left at the NATO summit. ” Monday is in the press.

“Building effectively puts the market in standby mode and conditions with flying, as the underers are forced to political events when they unfold,” Osler said. “They say the requests are well reduced, which indicates that some owners are not ready to take orders to the region, given the military situation.”

Baker said Iran’s decision to close Hormuz’s Strait has political and economic aspects, as well as practical issues for China and India, the largest directions of Iranian raw materials, not to mention the reaction of other countries of the Middle East to consider Saudi Arabia, Qatar and Oman.

Last Wednesday, a joint Lloida Military Committee met with London’s military risks, where they published a list of appointed areas that the underers have an opinion, but not a commitment to recover additional contributions and APS. This list remains unchanged.

In the updated The threat of a circular From British Maritime Security Firm Ambrey Released on Tuesday, IT WROTE, “There is a realistic possibity that the conflict between israel and Iran will coun Involvement is to have Lowered. transit. “

Baker said it was important to strengthen the rates in the context of recent conflict and delivery zones.

“Ukraine rates have grown to 5%, and we are not yet a tenth of these rates,” he said. “Five percent of about one million dollars, or a million and a half dollars, depending on the size of the ship. It was a very significant increase in the cost of grain, which was much smaller than the value of oil and VLCC (a very large carrier). This is just a matter of different raises, different appetites, different risks, and which will affect things.