Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, says an article published in reuters.
Attacks On Commercial ShippingThe possibility of more attacks on commercial shipping carrying oil and commodities through these waterways is growing after the outgoing U.S. administration’s move to designate Yemen’s Iran-aligned Houthi movement as a foreign terrorist organisation.
“We are...
https://mfame.guru/insurers-are-set-to-raise-the-cost-of-cover-after-red-sea-attacks/