Insurance costs of ships going to Ukraine increased 03:41

The cost of insurance for ships going to Ukraine has risen by a third in a week due to increased attacks on Ukrainian ports. This was reported by Bloomberg With reference to sources.

The publication notes that insurance coverage now exceeds 1% of the value of the ship; that figure is up from about 0.75% last week.

The agency underlines that insurance for a ship worth $50 million will now increase by $125,000 per voyage.

The source emphasized that companies began to insure their cargo more frequently in connection with attacks on Ukrainian ports.

Ukrainian security forces in July arrested The cargo ship, which allegedly visited the Sevastopol port twice, is in Usko Mfu.

It is claimed that Usko Mfu entered the port of Sevastopol under the Cameroonian flag in November 2023 and loaded approximately 3 thousand tons of grain to a Turkish company there.

Ukrainian prosecutors say the cargo ship turned off its automatic identification system when entering the Crimean port, violating maritime safety requirements.

previously underground reported About the attack on the port of Odessa.

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Source: Gazeta

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