War risk insurance costs rise for Mideast-bound tankers

(http://www.MaritimeCyprus.com) Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round of attacks on vessels. War risk insurance is a type of insurance which covers damage due to acts of war, including invasion, insurrection, rebellion and hijacking. War risk premiums that owners pay each time they go to the…

Rate this: