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

Read More

Read More

Check Also

Terra Gold wins 2025 ADVAN award

Terra Gold has received the Brand Innovation of the Year award at the 12th edition …

Leave a Reply

Your email address will not be published. Required fields are marked *