Trump admin announces $20 billion reinsurance program for oil tankers during Iran war

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9. Probably Not Going To Work

Replacing transport vessels like these ain’t like replacing personal cars and trucks. These vessels literally take years to construct. You lose one of these ships you ain’t moving cargo again for years. Yea some desperate shippers with old ships may take a chance but anyone still making payments on their vessel probably is not moving until they see lots of ships making it through.

And no LNG ships are going to move. If one gets hit and has a major uncontrolled fire, its blast radius will be many miles. Would not want to be a military escort for these ships unless I was 10 miles away.