Passenger ships face huge insurance hike

摘要

Reinsurance costs allocated to passenger vessels have soared more than 70% during the annual P&I renewal. The P&I sector told Fairplay that rising passenger liability is the reason for rocketing costs. Costs increased as of 20 February and affect a broad range of ships. Passenger vessels are defined by the International Group of P&I Clubs (IG) as "a ship designed specifically for the carriage of more than 12 passengers".