Black Sea shipping reels from fresh attacks and record insurance costs

AI Summary

Fresh attacks on merchant vessels in the Black Sea have heightened maritime risks, with Russia claiming it struck commercial ships and human remains reportedly found aboard a damaged tanker in Bulgaria. War-risk insurance premiums have surged to 20% of a vessel's hull value.

The Black Sea has experienced another violent weekend, with Russia claiming fresh strikes on merchant ships, human remains discovered aboard a damaged tanker in Bulgaria and war-risk insurance premiums reaching an extraordinary 20% of hull value. Russia’s defence ministry issued a succession of statements over the weekend claiming to have attacked commercial vessels carrying military …