The market is very cautious, and there is talk that it is almost impossible to insure any transports today, Anders Leissner of the law firm Vinge tells the newspaper.
Almost all marine insurers have canceled their war-risk cover in the area to adjust premiums to the new risk situation, writes Di.
Insurance is usually based on a fraction of a ship's value, but premiums have now risen to as much as 3 percent.
A modern oil tanker can cost $100 million, which would mean an insurance premium of $3 million. This corresponds to approximately SEK 28 million.
