Recent increases in hull and machinery (H&M) premiums are set to be repeated and some owners will face further significant insurance cost increases in 2022/23, as restructuring and re-pricing of the H&M market consolidates and syndicates continue to focus on raising their premium base. This comes on top of double-digit general increases announced by P&I …
The post Hardening H&M insurance market to stoke higher ship opex inflation first appeared on Hellenic Shipping News Worldwide.