Insurance Companies Want to Remove US and UK Ships From Red Sea Coverage
Interest Coverage Ratio :1US and UK Ships From Red Sea Now
- Exclusion of war risk coverage due to rising risks in the Red Sea
- Within a day, two commodities carriers were struck by missiles in space
Another indication of fallout from the two countries’ airstrikes on Yemen last week is that some ship insurers are beginning to forego insuring US and UK merchant ships against war risks when they travel through the southern Red Sea.
Following their threat to retaliate for airstrikes carried out by the US and the UK on Friday, Houthi militants have increased their attacks on commercial ships in the last few days. Since Monday, they have fired missiles at two commodity carriers, but both were
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