A cargo ship was hit by multiple projectiles off Yemen's west coast and assessed as a constructive total loss, UKMTO reported through Anadolu Agency on 19 August 1. UKMTO named no attacker, no ship, no cargo and no casualty figure. A constructive total loss means the repair bill exceeds what the recovered hull would fetch, so the vessel is written off rather than mended.
That stretch of water is the answer every broker gives when a charterer balks at the Gulf. A master steering clear of the strait sails instead down a corridor that produced a write-off this week.
Departing Hormuz traffic had already skewed towards vessels with no Iranian tie , which loads a larger share of the danger onto owners who never had one. The reinsurers who pulled back from the Gulf war-risk layer cover the Red Sea approaches as well, and they read both corridors from the same desk. Neither passage now carries a clean price, and that is what separates this week from a blockade an owner could simply sail around.
