Marine insurers not planning to pull cover for Red Sea transits

Rates for Red Sea insurance cover have been rising amid heightened threats to shipping and are now on par with Black Sea war risk cover
Bulk carriers leaving the Black Sea with Ukrainian grain cargoes. | Photo: Mehmet Caliskan/Reuters/Ritzau Scanpix
Bulk carriers leaving the Black Sea with Ukrainian grain cargoes. | Photo: Mehmet Caliskan/Reuters/Ritzau Scanpix

LONDON

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