London’s marine insurance market on Monday added all of Russia’s waters to its list of areas deemed high risk, an advisory showed, which is likely to raise the cost of shipping and adds to the logistical pressures on Moscow. Guidance from the Joint War Committee, which comprises syndicate members from the Lloyd’s Market Association (LMA) …
The post London marine insurers label all Russian waters high risk first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John
https://www.hellenicshippingnews.com/london-marine-insurers-label-all-russian-waters-high-risk/