Lloyd's Market Association (LMA): Insurance companies providing insurance services for ships intending to pass through the Strait of Hormuz

SnapshotLaborer · 2026-03-05T13:16:09+00:00

Lloyd's CEO stated that ships passing through the Strait of Hormuz can now obtain insurance quotes, and the London maritime war risk market will continue to provide coverage. As the situation evolves, there are uncertainties regarding rescue services and contractual relationships. Investors are advised to exercise caution; this article does not constitute investment advice.

SnapshotLaborer

2026-03-05 13:16:09

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LMA CEO stated that we understand that insurance quotes are now available for ships intending to pass through the Strait of Hormuz. If shipowners determine that the timing is right in the future and there are no safety concerns for crew and vessels, the London marine war risk market will continue to provide coverage for these transit needs. Given the rapidly evolving situation, the feasibility of rescue services and the contractual relationships between charterers, shipowners, and cargo owners are uncertain. It is important to emphasize that the vast majority of these vessels are insured by the London market, and existing policies remain in effect.

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