Norwegian marine insurer worried about conflict

The conflict between the US and Iran raises concerns at Norwegian marine insurer DNK, reports Reuters. The company expects to see rising premiums on war risk insurance for ships in the Strait of Hormuz.

Photo: Hamad I Mohammed/Reuters/Ritzau Scanpix

The current tensions between the US and Iran mean that it is now likely that premiums on war risk insurance will increase significantly for gas as well as tanker vessels sailing through the Strait of Hormuz, several sources tell Reuters.

These include the Norwegian Shipowners' Mutual War Risks Insurance Association (DNK), which is worried about the development.

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