Terrorism Concerns Contributing to Higher Shipping Insurance Rates – Brian Ladin Explains
The Startup Magazine
AUGUST 29, 2019
On June 13, two oil tankers that were traveling in the Gulf of Oman, which connects the Arabian Sea and the Strait of Hormuz, underwent an attack that caused the vessels to burst into flames. A 10-percent rise in overhead costs of any business is often seen as a major disruption that can completely halt operations and undermine profits.
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