Mon, 15 Mar 2021 22:00:58 +0000
Vessel operating costs are expected to continue rising on a hardening marine insurance market, as conclusion of the P&I renewal season exposes the fallout from rising claims and the impact of Covid-19 on global merchant shipping. The marine insurance market has been hardening since 2019 as poor returns reduced capacity and so forced up premiums. …
The post Shipowner Opex Remains Hostage To Rising Marine Insurance Costs first appeared on Hellenic Shipping News Worldwide.
Full article: https://www.hellenicshippingnews.com/shipowner-opex-remains-hostage-to-rising-marine-insurance-costs/