Naval chief flags surge in drone and piracy attacks
Whenever there is a disturbance at sea, we have observed a subsequent increase in insurance rates. The Joint War Committee in London, comprising shipping and insurance companies, has collaboratively decided to raise insurance and freight charges. So, our effort is now to make sure that this area gets pushed away from our coastlines, safeguarding our ships from any adverse impact,” Naval Chief Admiral R Hari Kumar explained.
Source: indiatimes.com