Name: UK shipping insider: Oil shipping via Strait of Hormuz has multiple extra costs
Uploaded: 2026-04-05T17:24:24+08:00
Duration: PT30.08S
Description: Since the beginning of the Middle East conflict, insurance premiums for affected vessels have spiked and shipping prices have soared sharply. Insurance is only a small part of operating expenses, and freight rates have actually gone up by a factor of 11 or 12, said Neil Roberts, head of marine and aviation at the Lloyd's Market Association, in an interview with CMG.

Language

RSS

Newsletters

Home

China

World

Politics

Business

Sci-Tech

Health

Opinions

Video

Live

Radio

World Asia-Pacific Middle East Europe Americas Africa

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser.

I agree

00:30

Since the beginning of the Middle East conflict, insurance premiums for affected vessels have spiked and shipping prices have soared sharply. Insurance is only a small part of operating expenses, and freight rates have actually gone up by a factor of 11 or 12, said Neil Roberts, head of marine and aviation at the Lloyd's Market Association, in an interview with CMG.

Open in CGTN APP for better experience

Search Trends