Corkyskog@sh.itjust.works to News@lemmy.world · 2 days agoIran begins mining Strait of Hormuz as Washington's tanker escort claim collapses - Türkiye Todaywww.turkiyetoday.comexternal-linkmessage-square156linkfedilinkarrow-up1591arrow-down18
arrow-up1583arrow-down1external-linkIran begins mining Strait of Hormuz as Washington's tanker escort claim collapses - Türkiye Todaywww.turkiyetoday.comCorkyskog@sh.itjust.works to News@lemmy.world · 2 days agomessage-square156linkfedilink
minus-squareTehWorld@lemmy.worldlinkfedilinkEnglisharrow-up2·2 days agoIt’s not just normal insurance cost either. These ships take years to replace. They also have to insure against the multiple years worth of profits and loss of market share.
minus-squareGhostalmedia@lemmy.worldlinkfedilinkEnglisharrow-up5·2 days agoExactly. It’s the ship, the goods, the lost earning over many years, severance for staff that won’t be used, etc. It would be mess. I also wonder how clean up for a spill would be handled. Currently that’s managed by Iran and the vessel that spilled pays.
minus-squaremirshafie@europe.publinkfedilinkarrow-up4·2 days agoAlso, if they sink in a bad spot, they’ll physically block the strait. It’s a narrow corridor that’s navigable.
It’s not just normal insurance cost either. These ships take years to replace. They also have to insure against the multiple years worth of profits and loss of market share.
Exactly. It’s the ship, the goods, the lost earning over many years, severance for staff that won’t be used, etc. It would be mess.
I also wonder how clean up for a spill would be handled. Currently that’s managed by Iran and the vessel that spilled pays.
Also, if they sink in a bad spot, they’ll physically block the strait. It’s a narrow corridor that’s navigable.