Red Sea war risk rates could soon exceed 1% of hull value after the latest missile attacks by Yemen-based Houthi rebels on shipping signal that no vessel is safe in the region, according to brokers.
Rates had been hovering at about 0.5% before the attack on Eagle Bulk Shipping’s 63,300-dwt Gibraltar Eagle (built 2015) and the hit on Vulcanus Technical Maritime Enterprises’ 56,900-dwt bulker Zografia (built 2010).
