by AIP Online Bureau | Dec 22, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
In total, Maersk said a standard 20-foot container travelling from China to Northern Europe now faced an extra charge of $700, consisting of a $200 TDS and $500 PSS. Containers bound for the east coast of North America will be charged $500 each, consisting of the $200...
by AIP Online Bureau | Dec 21, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
New Delhi may consider an alternate route along Africa for shipments of basmati rice if attacks by Yemen’s Houthi group persist, which could lift prices by about 15% to 20%, the source added New Delhi: India’s exports face a shortfall of about $4 billion...
by AIP Online Bureau | Dec 18, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza London: London’s marine insurance market has widened the area in the Red Sea it deems as high...
by AIP Online Bureau | Dec 15, 2023 | Eco/Invest/Demography, International News
“Following the near-miss incident involving Maersk Gibraltar yesterday and yet another attack on a container vessel today, we have instructed all Maersk vessels in the area bound to pass through the Bab al-Mandab Strait to pause their journey until further...
by AIP Online Bureau | Dec 13, 2023 | International News, Non-Life, Reinsurance, Risk Management
War risk premiums have risen this week to between 0.1%-0.15% to 0.2% of the value of a ship, from 0.07% last week, according to market estimates on Tuesday. While various discounts would be applied, this still translates into tens of thousands of dollars of additional...
