Tag: Insurance premiums
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Capture of Kismayo to boost growth in maritime sector
According to Kenya Maritime Authority C.E.O. Nancy Karigithu, capture of Kismayo will reduce insurance premium and consequently lower freight charges. MOMBASA (Xinhua) — Kenya said on Thursday successful capture of […]
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Drop in Premiums
Commercial shipping lines have lowered their premiums following suppressed piracy off the coast of Somalia, raising the hopes of consumers for cheaper commodities. Drop in shipping premiums heralds cheaper import […]
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Premium Pains
Insurance premiums due to piracy have doubled the costs of transporting goods past the Horn of Africa, maritime experts have reported. The cost increase could fuel another price hike on […]
