Red Sea Insurance Premium Spikes as Houthi Risks Return
Supply Chain Brain
JULY 11, 2025
Shipowners now have to pay about 1% of a ship’s value if they want to pass through the Red Sea, said Marcus Baker, global head of marine cargo and logistics at Marsh McLennan, the world’s largest insurance broker. That’s up from 0.2% in recent months, a period when there had been a lull in attacks. Ships with associations to the U.S.,
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