Miscellaneous News

plawolf

plawolf

Lieutenant General
dingyibvs said:
One thing I wonder if China can do during this Iran war is to send the PLAN to the area to escort Chinese commercial ships. Iran is allowing Chinese ships through, so they only need to defend against false flag attempts or FF incidents rather than sustained multi-domain attacks from any military. Chinese insurers can draw up the war coverage policies while still allowing Lloyd's and such to continue coverage for other incidents.

For something like this a few 054A's would do, but for the purpose of practice and presence they can send a CSG as well, with extra 054A's attached to do the actual escorting. Maybe at first use Djibouti as the home base, but eventually use this as an excuse to convert Gwadar to a military base too.
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Technically possible, but politically and strategically massively stupid to do so.

Right now, everyone blames the closure of the Gulf on the Americans and Israelis. If China were to open up a safe passage just for Chinese ships, then immediately the western MSM will seize on that to spin it as evil China being selfish and not reopening the gulf to all. And suddenly all the pressure will be on China to grant safe passage to all or damage relations with every country China doesn’t cover. The very definition of a no-win situation.

Besides, China is far better prepared than the west to weather the coming storm. It has significant domestic production, vast reserves, and most crucially, direct access to full Russian supplies.

China can easily accommodate the reduced supplies from the ME more or less indefinitely with modest consumption and export changes (like the ban on exports of diesel and gasoline) because it has purposefully built its economy that way in anticipation of being cut off from ME supplies in the event of a war over Taiwan or Japan.

There is zero need for China to take any such action and it will not take any such action as a massive oil shock to the world from this war of aggression by America and Israel only serves to advance Chinese interests one way or another.
 
D

dingyibvs

Senior Member
plawolf said:
Reporting on this has been vague to the point where I’m starting to feel it’s deliberate to suppress the information as much as possible.

The most details I could easily find are from this source.

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So, my reading of this is that for ships already in the Gulf and trapped there, yes, technically you may still covered, but as soon as you try to leave the gulf, your coverage is automatically terminated.

That’s the equivalent of your car insurance being unilaterally changed by the insurer such that if a riot happens, you cannot leave the riot zone without your riot insurance being automatically cancelled, so now you are stuck in the hot zone hoping the rioters don’t decide to set you and your car on fire despite having bought additional coverages specifically against such riots.

But no matter how you cut it, western insurance cartels are predatory and massively abuse their market power as well as exert political power on western governments to write unjust laws to facilitate them ripping off their clients as much as possible. The whole industry is rotten to the core and the whole world would be far better off if they whole lot of them are replaced with a much fairer and just system designed to actually provide insurance instead of a means to extract unreasonable profits.
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This YT channel explains the situation pretty well:


Basically, legally they're only required to give a 72-hour cancellation notice, which they did on 3/2. This means that ship had until 3/5 to cross the strait with their current war insurance. Ships that didn't leave by 3/5 either was not ready to leave (not enough supplies/few/crew, needs maintenance, etc.) or were unwilling to leave (don't wanna die regardless of insurance status, not loaded and don't want to leave with no cargo, etc.) within that time frame. Most probably are just waiting for the new war insurance price to kick in.
 
Chevalier

Chevalier

Major
Registered Member
plawolf said:
But no matter how you cut it, western insurance cartels are predatory and massively abuse their market power as well as exert political power on western governments to write unjust laws to facilitate them ripping off their clients as much as possible. The whole industry is rotten to the core and the whole world would be far better off if they whole lot of them are replaced with a much fairer and just system designed to actually provide insurance instead of a means to extract unreasonable profits.
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Insurance is the main vehicle that the western elites stay wealthy, besides real estate and private equity. The insurance and insurance broking industry is extremely, extremely corrupt and, like private equity, tends to become the source of make work jobs for the children of the western elites. Consulting firms in insurance have also been involved with western intelligence which makes sense considering Lloyd’s is so close to MI6.

https://twitter.com/i/web/status/2029452905883783337

did India think they could continue playing both sides after modi so proudly proclaimed Indians were the woman in the relationship with Israel?
 
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