21JUN2019 - NEWS - West Coast marine operators brace for rising marine insurance rates as China trade war looms

The global maritime industry is bracing for the impact of an escalating trade war.  On the West Coast of the United States, ports relying on trade with Asia are expected to see ship calls decrease in the coming months as the impact of tariffs slows the movement of goods.  Meanwhile, the global marine insurance market is hardening fast after a decade of low premiums and high capacity. With cost control as critical as ever, the maritime industry must prepare for rising insurance and risk management costs.

Published by Editor - www.Livebunkers.com at 21-Jun-2019 04:10:46 [UTC] , contact editor at editor@livebunkers.com