Attacks on seafarers hit hiring, raise costs for shipping companies

The recent spate of attacks on commercial vessels is significantly impacting the recruitment of Indian seafarers and driving up associated costs. SV Anchan, chairman of Safesea Shipping, highlighted the soaring insurance premiums necessitated by the need for seafarer protection. Their tanker, Safesea Vishnu, was a recent casualty, targeted within Iraqi territorial waters.

Raccontata daeconomictimes.indiatimes.com