The Danish government has unveiled plans to establish a state-backed US$1 billion war risk insurance programme for the shipping sector, intended as a safeguard in case commercial insurance markets become unavailable.
Describing the proposal as a “timely precaution,” the government plans to present the initiative to parliament for a vote later this year.
“There are global tensions and war on European soil,” said Denmark’s Business Minister Morten Bodskov. “It’s essential that we are prepared—even...
https://container-news.com/denmark-us1-billion-war-risk-insurance-shipping/