specialist tanker and shipping daily; tracks war-risk insurance premium implications

TradeWinds confirmed the Kiku as a Panama-flagged VLCC laden with QatarEnergy crude, with bridge damage but no cargo spill or crew injuries; notes this is the third commercial vessel struck in the strait since the June 17 MoU and the second VLCC within 48 hours, and warns war-risk underwriters will likely tighten terms further.

“Strait of Hormuz threat level rises after VLCC hit by projectile; war-risk underwriters expected to tighten terms.”