Tue, 21 Apr 2020 21:00:58 +0000
The conclusion of the P&I renewal season and rising risk exposure from Covid-19 confirms that marine insurance costs are hardening which will raise vessel operating costs just when earnings are expected to come under pressure as trade contracts. The marine insurance market turned itself around last year and began to make progress towards a more …
Full article: https://www.hellenicshippingnews.com/shipowners-face-perfect-storm-of-rising-opex-as-earnings-fall/