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LMA warns safety fears choking Hormuz not insurance

Israel and Iran as chess pieces on a global chessboard

The Lloyd’s Market Association has hit back at ongoing reports vessels are avoiding the Strait of Hormuz due to cancelled or unaffordable insurance.

Three weeks into hostilities in the Middle East, Neil Roberts, head of marine and aviation at the LMA, said cover remains widely available across the London market for shipowners seeking to transit

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