The London Joint War Committee (JWC) has expanded designated war risk zones in the Middle East, covering hull war, piracy, terrorism and related perils. This triggers automatic additional war risk premium calls for vessels transiting affected waters, directly increasing voyage costs for operators, charterers and cargo owners. Logistics operators should immediately review insurance clauses, additional premium exposure, and reassess route economics versus Cape of Good Hope diversions.
Rate Direction
Rates up +10.00%
Time Horizon
immediate
Confidence
55%
Routes Affected
Strait of Hormuz / Red Sea / Persian Gulf / Indian Ocean / Suez Canal
Ports / Terminals
Jebel Ali / Bandar Abbas / Fujairah / Port Said / Salalah / Karachi / Aden
Carriers
MSC / Maersk / CMA CGM / Hapag-Lloyd / COSCO / Evergreen / ONE
Source
https://www.seatrade-maritime.com/security/london-marine-insurers-extend-middle-east-war-risk-zonespublished 04 Mar 2026, 01:54 UTC