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Insurance prices surge in Red Sea after several attacks on commercial ships

Seven days of sailing currently costs tens of thousands of dollars extra for the shipping companies operating in the area.
On November 20, Houthi rebels attacked the ship Galaxy Leader using, among other things, a helicopter. This week, the Norwegian ship MT Strinda was hit by a missile in the area. | Photo: Houthi Military Media/Reuters/Ritzau Scanpix
On November 20, Houthi rebels attacked the ship Galaxy Leader using, among other things, a helicopter. This week, the Norwegian ship MT Strinda was hit by a missile in the area. | Photo: Houthi Military Media/Reuters/Ritzau Scanpix
by SEBASTIAN SCHLÜTER JACOBSEN, LIV ALMER

The cost of sailing through the Red Sea has increased over the past month, both in terms of safety and economy.

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