Even if insurers do pay, it’ll be at current valuations, and the shipyards responsible for these massive things are on like a decade plus wait. Insurers at this scale do not insure future expected income. So the owners will be able to pay off the loans and reimburse the suppliers and then hang around for 10 years with their thumbs up their asses. Yeah, no established capital is taking that risk.
Don’t pay the toll and get attacked? Insurer’s will go for that! Let’s sail!
Even if insurers do pay, it’ll be at current valuations, and the shipyards responsible for these massive things are on like a decade plus wait. Insurers at this scale do not insure future expected income. So the owners will be able to pay off the loans and reimburse the suppliers and then hang around for 10 years with their thumbs up their asses. Yeah, no established capital is taking that risk.
Yep, the Demented one has really caused a big mess that’s beyond his control.