Premium on marine insurance in Ghana to soar | Business News 2013-10-16

Premiums on marine insurance in Ghana and neighboring countries are expected to shoot up as piracy increases in the Gulf of Guinea.

The Gulf of Guinea over the months has seen a growth in piracy cases and the area is now seen as one of the most dangerous bodies of water in the world due to attacks on oil tankers and other cargo vessels by pirates.

Industry players fear the development could disrupt shipping lanes that have existed for over 500 years permanently.

[object HTMLTextAreaElement]

via Premium on marine insurance in Ghana to soar | Business News 2013-10-16.

Advertisements
%d bloggers like this: