Five weeks in, the Hormuz crisis has stopped being a regional story. Daily booking volume into Gulf ports is down 81%. Asia-US spot rates are up 29%. War risk insurance has effectively vanished from the market — and carriers aren't sailing without it.
Pauline and Michiel break down what's actually driving the disruption (hint: it's not just geopolitics, it's P&I clubs), why European forwarders are underestimating their exposure on US lanes, and what the bunker fuel spike means for every quote you sent last week.
No speculation. No "wait and see." Just the numbers, why they matter to your business right now, and three things to do before the end of the week.
Takeaways

• Why the Strait is commercially closed — not just militarily
• What a 70% insurance cost increase does to carrier behavior
• The 48-hour rule: why your spot quote validity window is probably too long
• How to identify which customers to call before they call you
• Why now is the moment to push the forward contract conversation

Chapters

• 00:00 — The numbers that tell the story: 81% down, 29% up
• 05:54 — How insurance killed the Gulf, not just the strikes
• 11:38 — Your quotes are already wrong — here's what to do
• 16:58 — Next week: Rotterdam and Antwerp go dark simultaneously