Shipping’s fuel transition starts by shrinking the fuel pool. Fossil-fuel bulk cargoes and raw iron ore are structurally exposed, while inland and much short-sea shipping move toward batteries before
Another issue is insurance. Given conflict over the Straight of Hormuz, and potential for conflict elsewhere, I suspect the insurance costs for nuclear shipping would be exorbitant.
Another issue is insurance. Given conflict over the Straight of Hormuz, and potential for conflict elsewhere, I suspect the insurance costs for nuclear shipping would be exorbitant.
Yup, that's why insurance is mentioned a couple of times, although it isn't called out specifically in a separate paragraph.