Protection and indemnity insurance cost to rise for shippers
Posted On: Nov. 1, 2019 6:46 AM CSTA survey by Belgian accounting firm BDO Global found that hull and machinery insurance costs for container ships are expected to increase by 4.8% in 2019 and 3.3% in 2020, MarineLink reports.,
BDO also predicted that protection and indemnity insurance cost would rise by 2%, while protection and indemnity insurance cost is expected to rise by 4.1% and 3.3%, respectively.