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Marine insurance: No respite for owners on hardening rates

It is already known that P&I premiums will be 10% higher in 2023, with H&M premiums likely to rise by the same sort of amount — and war risk responding to developments on the battlefield in Ukraine

This time, the alibi for the rate increases is inflation. Rocketing costs for labour and steel are making it more expensive to foot the bills for repair yard work

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