Shipowners have turned to older ships, which are usually cheaper to insure because of lower hull costs, amid attacks in the Black Sea, writes the Financial Times. The military insurance in this region can reach 15% of the value of the ship's hull, almost double the rate in the Persian Gulf. According to Tareh Idan, a maritime consultant at the law firm Yoder Gam & Partners, we can talk about ships up to 50 years old, which can be used in a few places due to their precarious condition. They face a high risk of detention at European ports, he explained. According to the FT, the Black Sea is now a greater danger to ships than the Persian Gulf. The newspaper notes that this has been a high-risk area since the start of the conflict in Ukraine, but attacks have become more intense since the summer.

Shipowners have turned to older ships, which are usually cheaper to insure because of lower hull costs, amid attacks in the Black Sea, writes the Financial Times. The military insurance in this region can reach 15% of the value of the ship's hull, almost double the rate in the Persian Gulf. According to Tareh Idan, a maritime consultant at the law firm Yoder Gam & Partners, we can talk about ships up to 50 years old, which can be used in a few places due to their precarious condition. They face a high risk of detention at European ports, he explained. According to the FT, the Black Sea is now a greater danger to ships than the Persian Gulf. The newspaper notes that this has been a high-risk area since the start of the conflict in Ukraine, but attacks have become more intense since the summer.