Published 3 months ago

Chinese Ships Get Cheaper Insurance to Navigate Red Sea

Summary by Ground News

Houthi attacks in the area are punishing the commercial interests of vessels with ties to the west. Some Chinese-linked vessels are having to pay as little as 0.35% of their hull and machinery value to obtain insurance for transit. Most ships are paying somewhere between 0.5% and 0.75%.

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Chinese Ships Get Cheaper Insurance to Navigate Red Sea

Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red Sea, another sign of how Houthi attacks in the

3 months ago

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Chinese Ships Get Cheaper Insurance to Navigate Red Sea

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Chinese Ships Get Cheaper Insurance to Navigate Red Sea

Chinese Ships Get Cheaper Insurance to Navigate Red Sea

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