News / Box services axed as shipping insurers say Libya is again a war-risk destination

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Recent airstrikes on vessels and ports – part of ongoing clashes between rival governments – have resulted in Libya again being classed as a war-zone by shipping insurers, forcing operators already struggling in the face of a drastic drop in imports to Libya to suspend services.

“Insurance companies are putting an extra war-risk surcharge, which is quite high and hard to recover from the market,” Loris Trevisan, chief executive of Italian operator Med Cross Lines, told The Loadstar.

“Some cargo is still ...