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29 September 2020 The on-line newspaper devoted to the world of transports 07:05 GMT+2

October 15, 2002

Higher war risk insurance fees hit shipping lines

By Nicholas Fang
The Straits Times

THE beleaguered shipping industry, already grappling with a flagging global economy and the backlog of cargo caused by the recent shutdown of ports on the West Coast of the United States, has been hit by increases in war risk insurance charges of up to 10 times.

Shipping lines, including Singapore's Neptune Orient Lines ......
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