"a425couple"-a wrote in message news:ZWXqR.264$5gb2.118@fx10.iad...
Trump Just Outmaneuvered the "British Empire" at Hormuz
...
But Trump said that the United States government is going to start
insuring these shipping companies. Not only that, they will provide
personal escorts for these boats with the U.S. Navy.
----------------
The mechanism already exists: https://www.dfc.gov/media/press-releases/dfc-announces-20b-plan- maritime-reinsurance-gulf
"This revolving insurance offering will apply only to vessels that meet
the criteria.
Insurance will focus on Hull & Machinery and Cargo to start."
Other requirements could clash with the differences between US and international standards, partly driven by union demands, this is an
example:
https://www.cato.org/publications/policy-analysis/jones-act-burden- america-can-no-longer-bear?
$20 billion is $60 per person from 330 million of us.
"a425couple"-a wrote in message news:rGlrR.631$NDyd.224@fx13.iad...
Do you know, or can you find:
What is the total value of one of the largest tankers
when it is sailing out of St. of Hormuz fully loaded?
----------------------
Google's AI says a new VLCC can cost $160 million with its 2 million
barrel cargo worth the same, (at $80/bbl; it's now over $100). For comparison one new Boeing 787 can cost $300 million or more. Larger
tankers have been built, over 3 million barrels, but they were too large
for many routes and became moored storage. Wiki says the average
transport cost per gallon is 2 to 3 cents.
At ~$400 million apiece Trump's $20 billion fund could cover 50 losses,
each one costing us $1.20.
"a425couple" wrote in message news:rGlrR.631$NDyd.224@fx13.iad...
Do you know, or can you find:
What is the total value of one of the largest tankers
when it is sailing out of St. of Hormuz fully loaded?
----------------------
Google's AI says a new VLCC can cost $160 million with its 2 million
barrel cargo worth the same, (at $80/bbl; it's now over $100). For comparison one new Boeing 787 can cost $300 million or more. Larger
tankers have been built, over 3 million barrels, but they were too large
for many routes and became moored storage. Wiki says the average transport cost per gallon is 2 to 3 cents.
At ~$400 million apiece Trump's $20 billion fund could cover 50 losses,
each one costing us $1.20.
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