Vessels with U.S. or Israel ‘nexus’ considered higher risk: Expert

BreakdownGenerated by LeadStory AI

• Insurers now consider vessels with U.S. or Israeli connections higher risk, not just those flagged by these countries. 10s
• The definition of 'nexus' includes ownership, chartering, and cargo, making risk assessment broad. 19s
• Shipping traffic through the Strait of Hormuz has dropped by about 30%, with ships delaying entry. 55s
• Israeli authorities have reduced inspections of ships, but ports like Haifa remain on high alert. 1m 54s
• War risk insurance considers Israeli waters less risky than the ports themselves, but ship owners must still assess operational dangers. 2m 4s