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                        FRIDAY, SEPTEMBER 20, 2024
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Ship insurance market reflects growing risk to navigation in Black Sea
Journal Staff Report

KYIV, Oct 27 – The ship insurance market takes into account all risks; if their likelihood increases, then the price of insurance also increases, First Deputy Minister of Agrarian Policy and Food of Ukraine Taras Vysotsky said during the national telethon.

"The insurance market takes into account all risks. If the probability of risks increases, then, unfortunately, the cost of insurance also increases. The messages themselves, including announcements [about dangers], influence [the cost of insurance], but not straightforward," the deputy minister said, commenting on the possible impact on the market of the suspension of vessel traffic along the sea corridor due to the intensification of Russian aviation flights near it.




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