News / Insurance refusal and higher premiums adds to pressure on carriers

Ships in the Suez Canal
Photo: © Igor Groshev | Dreamstime.com
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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; ...

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    Breeze Cape of Good Hope CMA CGM Maritime Insurance Red Sea Crisis