From Grok:

Most of the roughly 20–26 vessels hit in the past two weeks (majority oil or product tankers, plus some container ships and bulkers) are expected to be repairable rather than total losses. Confirmed recent sinkings include the container ship GFS Pride and the bulk carrier Cape Dao; the large majority of incidents involved projectile hits, fires, or limited damage with crews generally safe and fires extinguished.⁠

Repair timelines

• Minor to moderate damage (fire extinguished, limited hull or systems impact): Temporary repairs in days to 1–2 weeks at nearby safe ports (e.g., UAE or Oman). Full permanent repairs typically 2–8 weeks in a yard.
• Major structural, engine-room, or extensive fire damage: 1–6 months or longer, including drydock time. Specialized electrical or systems restoration can sometimes be completed in as little as ~2 weeks in favorable cases, but major work is slower.
• Current constraints include high global drydock demand (aging fleet special surveys plus war damage), so waiting times for slots can add weeks to months. Many vessels will receive temporary fixes and resume limited trading or be redirected to other yards. Ongoing security risks in the region can further delay movements.⁠

True total losses require full replacement.

Replacement timelines

Newbuild tankers ordered today typically deliver in 2028–2030 (roughly 2–4 years) because shipyard orderbooks are full. Available secondhand vessels can enter service immediately, but the market is extremely tight due to the conflict-driven demand for tonnage.

Approximate costs (2026 market benchmarks)

• Light fire/projectile damage: often under $5 million.
• Moderate hull/engine/systems work: typically $5–20+ million.
• Severe engine-room or structural rebuild: $20–50+ million (can approach or exceed residual value, triggering constructive total loss).
• War-risk insurance premiums are currently around 30× normal levels, adding significant ongoing cost.

Exact figures vary by vessel size, age, specific damage assessments, and yard location. Aggregate impact for the recent wave is likely in the hundreds of millions to low billions of dollars across hull claims, repairs, cargo losses, and loss of earnings, but precise totals depend on final surveys. Most of the struck oil tankers should return to service within weeks to a few months rather than requiring full replacement.