Shippers Rush for Hormuz Insurance After Truce Deal, Broker Says

Shipowners are placing “huge volume requests” for insurance cover as they look to transit the Strait of Hormuz following the US-Iran ceasefire deal, according to broker McGill and Partners.

By Leonard Kehnscherper, Alex Longley · Bloomberg Markets

Shipowners are placing “huge volume requests” for insurance cover as they look to transit the Strait of Hormuz following the US-Iran ceasefire deal, according to broker McGill and Partners.