Tianjin blast to raise marine insurance premiums this year
![Photo: Ng Han Guan/AP Photo](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article7942607.ece/ALTERNATES/schema-16_9/Tianjin1.jpg)
Global maritime insurance companies can record a 2014 setback in total insurance premiums for the maritime industry, writes the International Union of Maritime Insurers. Altogether, they reached the premium level of USD 32.6 million, corresponding to a decrease of 3.2 percent compared with last year. This was also due to the conversion of local currency to the US dollar, stressed Astrid Seltman, Vice-Chairman of IUMI's facts and figures committee:
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