NO. 17


Gulf Shipping

Middle East Shipping Curtailed by War and Rising Insurance Premiums

Ships heading to the Gulf, the Red Sea and the Eastern Mediterranean arebeing obliged to reasses their services because of the widening scope of the wartheater and prohibitive insurance premiums. However, the pressure eased a littleon 24 January after a sharp cut in insurance rates by the Lloyd's of Londoninsurance market reflecting optimism about the risks to commercial shipping...