Bulkers are facing a near 39% increase in reinsurance costs, with passenger ferry owners also squeezed to help foot the bill for the Costa Concordia loss with a 125% rise in the P&I reinsurance levy.
TradeWinds’ latest edition warns that owners will be hit by increases that are beyond their worst nightmares but the actual rate rises to be announced this morning are rather higher than expected.
Today’s edition of the paper suggested the rate for all dry cargo vessels was to go up from $0.3561
