International clothing retailers and brands are still choosing seaways, instead of air, to carry goods from Bangladesh to Europe although the rerouting of ships away from the Red Sea has increased the freight charge by more than 30 percent and added 15 days to the sailing time.
Marine war risk premiums have soared around fiftyfold since before the war, to as high as 1% of the value of the ship, although about 0.7% appears to be more common.
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