22 min
Weight of Freight: Rising role on Insurance in maritime Argus Media
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- Business News
Three months after the car carrier Galaxy Leader was hijacked in the Red Sea, attacks on merchant shipping in the region have continued. Freight and insurance costs have risen with diversions around the Cape of Good Hope, adding another three weeks to voyages. Maxence Servelle, head of cargo at Diot-Siaci Asia, joins Argus' senior freight reporter Sean Zhuang to discuss the increasing impact of insurance in maritime.
Key topics covered in the podcast:
Rising tensions in the Red Sea prompted LR tanker freight rates to spike in early January
How are rates faring now, and how is insurance moulding freight in the region?
Impact of Cargo Insurance market
How ‘The Polar” case ruling limits shipowner’s right to refuse Red Sea voyages
Three months after the car carrier Galaxy Leader was hijacked in the Red Sea, attacks on merchant shipping in the region have continued. Freight and insurance costs have risen with diversions around the Cape of Good Hope, adding another three weeks to voyages. Maxence Servelle, head of cargo at Diot-Siaci Asia, joins Argus' senior freight reporter Sean Zhuang to discuss the increasing impact of insurance in maritime.
Key topics covered in the podcast:
Rising tensions in the Red Sea prompted LR tanker freight rates to spike in early January
How are rates faring now, and how is insurance moulding freight in the region?
Impact of Cargo Insurance market
How ‘The Polar” case ruling limits shipowner’s right to refuse Red Sea voyages
22 min