Large damages in shipping make Skuld and other insurers increase premiums

For the first time in a decade of decreasing premiums, Skuld and the other P&I clubs now increase the price of insurance for the global ship fleet. The move is attributed to large damage claims, says Skuld CEO in an interview with ShippingWatch.

Ståle Hansen, adm. direktør i Skuld. PR-foto. | Photo: PR-FOTO

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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