Uploaded August 2026 | Updated September 2026, 2 weeks ago
LNG and crude tankers carry very different risks at sea, because super chilled LNG cargo can feed an explosion or a raging fire that crude oil cannot.
Tom Beney, StoneX SVP of Ocean Freight, breaks down what happens when an LNG carrier is hit compared with a crude oil tanker, and why the danger to the crew is not the same.
Shipping fleets are owned by private and public companies rather than countries, so entering a war zone is a commercial decision weighing crew safety against cargo value. That calculation has grown harder around the Strait of Hormuz, where extra war risk insurance is demanded for every voyage and cover can hinge on security guarantees from the US naval presence.
Discover Actionable Insights with StoneX Market Intelligence: shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_tom_beney&utm_content=share
Watch the full conversation: youtu.be/0jOUjnx93TQ
0:03 LNG Fire Risk Beats Crude
0:40 Danger for the Crew Onboard
1:17 Private Owners, Not Nations
2:09 War Risk Premiums Bite Hard
2:47 Naval Guarantees Set the Terms
Like and subscribe for more financial market insights.
#LNG #CrudeOil #StoneX #TomBeney
LNG and crude tankers carry very different risks at sea, because super chilled LNG cargo can feed an explosion or a raging fire that crude oil cannot.
Tom Beney, StoneX SVP of Ocean Freight, breaks down what happens when an LNG carrier is hit compared with a crude oil tanker, and why the danger to the crew is not the same.
Shipping fleets are owned by private and public companies rather than countries, so entering a war zone is a commercial decision weighing crew safety against cargo value. That calculation has grown harder around the Strait of Hormuz, where extra war risk insurance is demanded for every voyage and cover can hinge on security guarantees from the US naval presence.
Discover Actionable Insights with StoneX Market Intelligence: shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_tom_beney&utm_content=share
Watch the full conversation: youtu.be/0jOUjnx93TQ
0:03 LNG Fire Risk Beats Crude
0:40 Danger for the Crew Onboard
1:17 Private Owners, Not Nations
2:09 War Risk Premiums Bite Hard
2:47 Naval Guarantees Set the Terms
Like and subscribe for more financial market insights.
#LNG #CrudeOil #StoneX #TomBeney
