Moammar highlighted the risk of a prolonged recovery time similar to the predictions of the FSO Safer incident, which could cost billions and severely impact shipping. Reference: Reuters, BBC Marine Insight Academy Online courses for the Maritime industry! Enroll For Maritime Courses 100...
Marine underwriters associated with the London insurance market mentioned that the area in the Red Sea designated higher risks had been expanded. This is also more likely to increase the cost of insuring the vessels in the affected areas. Reference: BBC Marine Insight Academy Online courses for th...