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Hebrew media: Insurance companies are not willing to cover ships bound for Israel

None of the insurance companies are willing to insure Israeli ships or ships bound for occupied Palestine.
– International News

According to the Hebrew group Tasnim News Agency, the Hebrew newspaper Globes wrote in a report, international companies Insurance, in an unprecedented move, none of them are willing to cover the ships that are going to (Occupied Palestine) or are owned by Israelis, and this has resulted in heavy consequences for these ships.

According to this Hebrew-language economic newspaper, this decision makes Israeli ships have two options, either they have to sail around Africa and pass the Cape of Good Hope. which will add two weeks to their minimum route and, accordingly, increase the travel costs, or to choose from other ports on the shores of the Mediterranean Sea as their destination and transfer their cargo to other ships on their way to Israeli ports. .

In another part of this report, quoted by CNN, international insurance companies are willing to insure Israeli, American and They are not British, while the cost of insurance for goods passing through the Red Sea has also increased from 0.01% of the goods to 1% of the goods and has been implemented since last December.

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This means that a container ship carrying 12,000 standard containers worth $100 million will have to pay $1 million more to cross the Red Sea.

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Publisher Tasnim News
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