$10 million a voyage through a strait the Dow calls fine
Marsh quotes 7.5-10% of hull value for Hormuz transits. The VIX closed at 15.81. Same week, two prices.
Universal Asset Owners
Briefings, research, charts and analysis on the institutions, capital flows and systemic risks shaping long-horizon portfolios.
The reroute is not the redundancy
A second pipeline or port can reduce physical concentration. It cannot guarantee a ship, an insurance certificate or a contract that still works under wartime conditions.
KKR raised $19.2bn. Romania blew up a rock in the Danube.
A record infrastructure fund, a record industrial quarter, and two nuclear plants rationing cooling water. What a contract cannot buy.