Pakistan ports removed from London war-risk list

AI Summary

Pakistan's ports have been removed from the London marine insurance market's elevated war-risk list. This change reduces additional insurance costs for ships calling at Pakistani ports and reflects an improved security assessment.

Pakistan has been removed from the London marine insurance market’s list of areas exposed to elevated war, piracy and terrorism risks, potentially reducing the additional insurance costs attached to ships calling at the country’s ports. The Joint War Committee deleted Pakistan from its Listed Areas in a circular this week, reversing its March decision to …