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News Wire / economy

Blocked Cargo Value Reaches $5 Billion

RTBF La Premiere Hong Kong 15d Impact 5
The total value of blocked cargo for a specific company is estimated at approximately $5 billion. Weekly insurance costs for a vessel in the Red Sea represent about 1.8% of the ship's total value. These insurance costs are renegotiated every week, leading to accumulated expenses. The report included interviews with special correspondent Eric Destiné in Hong Kong.

Topics

shipping insurance cargo

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Sources · 7 independent

RTBF La Premiere

“La valeur totale des cargaisons bloquées représente pour cette entreprise environ 5 milliards de dollars.”

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