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Freight Rates & Trends

What the 60-Day MOU Means for the Freight Clock

Negotiators reached a 60-day MOU extending the ceasefire while nuclear talks continue. The freight question isn't whether the deal is good, but whether 60 days of safe commercial transits is enough for Lloyd's JWC to begin reviewing the Persian Gulf listed area.

Brian Bumpass

• 7 min read
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What the 60-Day MOU Means for the Freight Clock
The iconic Lloyd's building in London, home of the Lloyd's Market Association (LMA). Underwriters from the LMA formed the Joint War Committee (JWC) alongside counterparts from the International Underwriting Association.