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Importers pay $1.5bn war risk premium despite reduction in piracy

Summary by Punch Newspapers
Despite the reduction in piracy attacks in the Gulf of Guinea, importers paid $1.5bn as war risk insurance premiums on Nigeria-bound cargoes in the last three years, The PUNCH reports. This came as operators, including shipowners and ship captains, rejected the WRI premium, stating that Nigeria is not a war-torn country to be paying such

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Importers pay $1.5bn war risk premium despite reduction in piracy

Despite the reduction in piracy attacks in the Gulf of Guinea, importers paid $1.5bn as war risk insurance premiums on Nigeria-bound cargoes in the last three years, The PUNCH reports. This came as operators, including shipowners and ship captains, rejected the WRI premium, stating that Nigeria is not a war-torn country to be paying such

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economicconfidential.comeconomicconfidential.com

Despite Piracy Decline, Importers Pay $1.5bn War Risk Premium - Economic Confidential

Despite Piracy Decline, Importers Pay $1.5bn War Risk Premium   Despite the reduction in piracy attacks in the Gulf of Guinea, importers paid $1.5bn as war risk insurance premiums on Nigeria-bound cargoes in the last three years. This came as operators, including shipowners and ship captains, rejected the WRI premium, stating that Nigeria is not […] The post Despite Piracy Decline, Importers Pay $1.5bn War Risk Premium appeared first on Economic…

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  • 100% of the sources lean Left
100% Left
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Punch Newspapers broke the news in on Thursday, March 27, 2025.
Sources are mostly out of (0)
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