Article ID: eba2f30ca85f67be880b191ea20a56ab0f9a19978bbde35cf3b3a200a9599b59
Source ID: secondary:businessinsurance.com
Published At: -
Extraction Method: bs4_heuristic
URL: https://www.businessinsurance.com/hormuz-tanker-transit-costs-surge-to-20m/
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Hormuz tanker transit costs surge to $20M - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Hormuz tanker transit costs surge to $20M by Nils Wright Sep 11, 2026 Oil tanker transit costs through the Strait of Hormuz have surged to between $10 million and $20 million since the Iran war began, driven by soaring cargo insurance and war risk premiums, according to Paul Bradshaw, director of the Emirates National Oil Company Ltd., Baird Maritime reports, citing Reuters. With cargo insurance costing 5% to 6% of a shipment’s value and war risk premiums reaching 10%, some market participants have opted to forgo coverage, Bradshaw said. Related News Marsh launches D&O facility for European organizations September 11, 2026 Hanwha Ocean faces $1B claim over canceled LNG tanker contracts September 11, 2026 Indemnity triggers gain ground in cat bond market September 11, 2026 Saudi Arabia approves marine insurance pool September 11, 2026 Renomia gains Austrian foothold through broker deal September 11, 2026 Large hail drives ‘billion-dollar’ insured losses September 11, 2026 Berkshire Specialty launches venture capital liability cover in Australia September 11, 2026 Willis Re taps Eckertas as CEO September 11, 2026 The BI Top 10 for the week of Sept. 7, 2026 September 11, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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