French CMA CGM Container Ship May Be Scrapped After Hormuz Missile Strike
🚢 HORMUZ — A missile casualty being scrapped tells insurers what Tehran's tolls haven't. 📌 LOOK CLOSER: CMA CGM scrapping a vessel signals total constructive loss — insurers must now price Hormuz transits as permanently lethal, not episodic. French carriers rerouting or exiting raises freight costs for European importers directly. Each scrapped hull shifts the actuarial baseline, making insurance-driven avoidance self-reinforcing even if Iran reopens the strait.
