It will be more expensive to insure the world's commercial vessels for the next twelve months. A growing number of large damage claims, with losses of containers, ship collisions and a cruise traffic in the doldrums, has made the major marine insurance companies raise premiums.
Since the turn of the year, Norwegian marine insurance company Skuld and 12 other marine insurers in the mutual insurance partnership International Group, IG, have completed the annual policy negotiations with the shipowners behind the global insured tonnage.
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