Swedish Club doubles premium for vessels in the Persian Gulf

The ongoing conflict in the Strait of Hormuz has made The Swedish Club double its premium for sailing and docking in the area near the Persian Gulf. However, it is not the general trend that insurance premiums are raised due to tensions in the region.

by SIMON VALEUR

Tensions in the Persian Gulf increase the risks of sailing in the region, which has made certain insurance companies raise their prices.

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