Hormuz crisis drives war-risk premiums to 3-8% of hull value, up from 0.25% pre-war, Marsh reports

The global squeeze on freight shipping from the Strait of Hormuz crisis is raising costs across supply chains, with hull war-risk premiums peaking at as much as 10% of a vessel's insured value, up from about 0.25% before the fighting, according to insurance broker Marsh. Current estimates put premiums at roughly 3% to 8% of hull value.

Detected & updated continuously · Source: Nebula