Wreckdock is witnessing a fundamental shift in how the maritime industry approaches vessel decommissioning, as prominent shipowners join the platform as long-term partners rather than seeking one-off recycling contracts.
Shipowners are placing “huge volume requests” for insurance cover as they look to transit the Strait of Hormuz following the U.S.-Iran ceasefire deal ... .
According to BIMCO the industry is now in a holding pattern as operators await detailed guidance from both Washington and Tehran on how transits will actually work in practice ... For now, shipowners hoping for naval protection may be disappointed ... ....