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Insurance for ships traveling to Ukraine jumps 30% in one week

For a ship valued at USD 50 million, insurance services will cost USD 125,000 more per trip

Oct 11, 2024 14:11 122

Insurance for ships traveling to Ukraine jumps 30% in one week  - 1

The cost of insurance for ships traveling to Ukraine has increased by a third since last week, the ag reported. Bloomberg, citing its own sources.

According to them, the cost of insurance, which last week amounted to about 0.75% of the cost of the ship, now exceeds 1% of that amount. For example, for a ship worth USD 50 million, insurance services will cost USD 125,000 more per voyage. As Bloomberg notes, this may be due to the increased attacks on Ukrainian ports.

Earlier, the Russian Ministry of Defense announced that the Russian crew of the “Iskander-M“ destroyed an ammunition ship from Europe in the port of Yuzhny in Odesa Oblast. The missile strike was carried out during unloading.