Marine Insurance for Piracy Attacks

Piracy affects commercial shipping in more ways than one. It has an impact on maritime traffic in important shipping lanes. Attacks on oil supertankers could spark environmental disasters. Additionally, pirate actions are becoming more advanced, not only concerning cargo ships but also luxury ones like yachts, etc. Additionally, the number of marine piracies is sharply rising, which is also sometimes called "maritime terrorism”. This has led to the importance of having this insurance among cargo owners and various other players.

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marine

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