Cost of insuring vessels in Strait of Hormuz more than halves — FT

🌐 TASS (Russia) —
Cost of insuring vessels in Strait of Hormuz more than halves — FT

AI Summary

War risk insurance premiums for vessels in the Strait of Hormuz have dropped from about 5% to 2% of the ship’s value following discounts. This reflects a decreased perceived risk in maritime transit through this strategic chokepoint.

War risk insurance premiums for vessels have dropped from around 5% to 2% of the ship’s value after accounting for discounts, according to the publication

Security Markets Shipping Strait of Hormuz war risk insurance vessels maritime security insurance premiums shipping costs

Read original source →