Shipping firms face permanent Iran war risk
The Iran war has turned into a permanent operating condition for shipping companies, insurers and cargo owners rather than a temporary disruption, according to Oliver Miloschewsky, head of shipping for Asia at Aon plc, Insurance Asia reported. Insurers continue to assess voyages individually, imposing stricter approvals and war risk conditions as needed, while shipowners are more selective in vessel deployment and charterers demand more flexible contracts and routing.
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