Insurance Costs for Red Sea Shipping Soar by up to 50%
Insurance costs for Red Sea transit have risen by up to 50 percent since the Houthi terrorists began attacking commercial vessels.
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Insurance costs for Red Sea transit have risen by up to 50 percent since the Houthi terrorists began attacking commercial vessels.
Many companies have opted to re-route ships around southern Africa although some vessels are still sailing via the Red Sea.
War underwriters have raised the premiums they charge to US, British and Israeli firms by as high as 50% for ships transiting the Red Sea and some
War underwriters have raised the premiums they charge to U.S., British and Israeli firms by as high as 50% for ships transiting…
War underwriters are now charging ships linked to U.S, British and Israeli companies as much as 50% extra in war risk premiums to navigate the Red Sea