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Shipowner Opex Remains Hostage To Rising Marine Insurance Costs

Vessel operating costs are expected to continue rising on a hardening marine insurance market, as conclusion of the P&I renewal season exposes the fallout from rising claims and the impact of Covid-19 on global merchant shipping. The marine insurance market has been hardening since 2019 as poor returns reduced capacity and so forced up premiums. ...

The post Shipowner Opex Remains Hostage To Rising Marine Insurance Costs first appeared on Hellenic Shipping News Worldwide.

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Vessel operating costs are expected to continue rising on a hardening marine insurance market, as conclusion of the P&I renewal season exposes the fallout from rising claims and the impact of Covid-19 on global merchant shipping. The marine insurance market has been hardening since 2019 as poor returns reduced capacity and so forced up premiums. ...

The post Shipowner Opex Remains Hostage To Rising Marine Insurance Costs first appeared on Hellenic Shipping News Worldwide. [post_title] => Shipowner Opex Remains Hostage To Rising Marine Insurance Costs [post_excerpt] => Vessel operating costs are expected to continue rising on a hardening marine insurance market, as conclusion of the P&I renewal season exposes the fallout from rising claims and the impact of Covid-19 on global merchant shipping. The marine insuran... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => shipowner-opex-remains-hostage-to-rising-marine-insurance-costs [to_ping] => [pinged] => [post_modified] => 2021-03-15 22:00:58 [post_modified_gmt] => 2021-03-15 22:00:58 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=859355 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )