Marsh scheme could cut Ukraine war risk rates by as much as two-thirds
‘If you think about the primary purpose of what we’ve done here, it’s to get more grain out cheaper. There is 30 million tonnes of grain still sitting in Ukraine and it can feed the world,’ top broker says
War risk cover for vessels trading with Ukraine since the Russian invasion in February 2022 have been volatile, with additional premiums thought to have touched an unprecedented 10% or more of hull value
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