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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Shipping experts hope lessons learned during the COVID-19 pandemic, the Suez Canal disruption in 2021 and Somali pirate attacks more than a decade ago will mitigate widespread problems this time.
Red Sea war insurance rises with more ships in firing line | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.