'Hands on triggers' over Gaza a threat to early Red Sea return
There have been “notable increases” in maritime insurance premiums, as ceasefire uncertainty clouds the prospect ...
Insurers are beginning to refuse US, UK and Israeli carriers cover for their vessels transiting the Red Sea – and alternative routings also risk heightened premiums.
War-risk premiums have surged since Iran-backed Houthi militia began attacking vessels in the region in mid-November; one report suggested a rise from 0.01% of vessel value in early December to 1% currently.
The global head of marine, cargo and logistics at Marsh, Marcus Baker, told CNN the market was “clearly tightening” with ...
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