Mar. 4 at 5:00 PM
$DHT $FRO $NAT $TRMD
Starting tomorrow - March 5, 2026, the global tanker market hits an "Insurance Cliff." Major P&I clubs (Gard, Skuld) and Lloyd’s of London have issued a 7-day Notice of Cancellation for war-risk cover in the Persian Gulf and Red Sea following the "Operation True Promise 4" escalations.
At 00:01 UTC, existing coverage for 90% of global tonnage lapses. Entering the Gulf now requires a "Breach Premium"—rumored at 5–10% of hull value (
$6M–
$12M per voyage)—making the 14-day Cape of Good Hope detour the only viable, insured option.
For FRO, DHT, and NAT, this is a structural catalyst. The detour "deletes" 20% of vessel supply, converting temporary rate spikes into a multi-month Super Cycle. With the "Dark Fleet" facing U.S. interdiction, the legitimate, insured fleet now holds total pricing power. The "Hormuz Stasis" is no longer a choice; it is a financial mandate.
Adding
