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War-risk premiums may have increased by as much as 900% since the Houthi attacks on shipping in the Red Sea began.
This is one of several troubling predictions in a United Nations Conference on Trade and Development (UNCTAD) report released yesterday.
UNCTAD said that, according to some sources, from below a level of 0.1% of the value of a vessel, during the final weeks of last year, war-risk premiums had jumped to as much as 1% of vessel value by the start ...
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