Insurance rates for ships transiting the Strait of Hormuz drop by more than 50%
Insurance rates for ships transiting the Hormuzhas increased by more than 50% over the past six days, reducing ship insurance costs by hundreds of thousands of dollars, a newspaper reported. "Financial Times"
Brokers told the newspaper that ship hull insurance premiums against accidents dropped from about 5% of the ship’s value to 2% after applying discounts, following the ceasefire agreement between the United States and Iran that was signed last week.
At least 172 people expressed their concerns. ShipStrait of Hormuz since June 18, according to the company "Kepler" Specialized in maritime trade information, despite the state of confusion that prevailed over the weekend when Iran announced the closure of the strait again in response to the Israeli attacks on Lebanon.
It is noteworthy that insurance companies informed shipowners last February after the American-Israeli attack on Iran, that they would cancel InsuranceThe cost of coverage increases. The sector has been sharply criticized for raising prices by up to 20 times compared to pre-war levels.
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