Sir Charles Roxburgh explains why ship owners are avoiding transiting the Strait of Hormuz
It isn’t insurance rates that are keeping ships from risking the voyage through the Strait of Hormuz. During our Front Page conversation, Sir Charles Roxburgh, who leads the insurance marketplace Lloyd’s of London, says that ship owners' priority is “to protect the safety of their crews and their vessels, and so they would not be making any transit until there was a safe passage.” For more, watch the full event.
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