Skip to main content

Red Sea, Shipping, Houthis

gCaptain: Marine Insurers Continue to Provide Affordable Insurance to Ships Passing Through Red Sea Despite Houthis

The International Union of Marine Insurance stated that it would continue to insure ships going through the Red Sea and around the African continent, and that affordable packages were still available for this.

Photo: Sven Hansche/Shutterstock
Photo: Sven Hansche/Shutterstock

The International Union of Marine Insurance declared at its winter meeting that ships passing through the Red Sea would continue to be insured and that affordable insurance packages would be available to them, despite Houthi efforts to fire on ships affiliated with Israel, the US, and the UK, according to maritime news site gCaptain.

Reuters reports that ships affiliated with Israel, the US, and the UK have nevertheless been forced to pay higher war premiums when sailing through the Red Sea and major companies have instead preferred to circumvent the African continent, instead. Meanwhile, ships affiliated with Iran, Russia, and China are considered safe.

Stay Connected With Us

Follow our social channels for breaking news, exclusive content, and real-time updates.

WhatsApp Updates

Join our news group for instant updates

Follow on X (Twitter)

@jfeedenglish

Never miss a story - follow us on your preferred platform!

0