Japanese non-life insurers plan to increase by more than 60 percent the marine cargo tariffs for ships carrying liquefied natural gas (LNG) that traverse Russian waters.
The cost of marine insurance [4] covers would increase from 12 million JPY (92 430 USD) to 20 million JPY (154 050 USD).
The companies concerned are Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Fjapon%2Frising-marine-insurance-tariffs-in-russian-waters&text=Rising+marine+insurance+tariffs+in+Russian+waters
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Fjapon%2Frising-marine-insurance-tariffs-in-russian-waters&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-197-january-2023
[4] https://www.atlas-mag.net/en/article/marine-insurance-market-on-a-downward-cycle