Massive surge in insurance costs: The next big worry for box lines

There is increasing fear among liners who expect a massive dent in their gains in the form of hiked insurance costs, despite record profits being earned through sky-high freight rates.

Two UK-based P&I Clubs have sent out strong signals pointing in the same direction. The London Club announced a supplementary call for additional capital of up to 25% over original budgets from clients being covered by the firm over the past three years.

In addition to this, the West of England P&I Club proposed a...

https://container-news.com/massive-surge-in-insurance-costs-the-next-big-worry-for-box-lines/

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