Comments by "Happy Melon" (@happymelon7129) on "Germany sends frigate to help secure Red Sea | DW News" video.

  1. So far no problem for Chinese ship pass through . 7-2-2024 Chinese cargo ships passing through the Red Sea receive discounts on insurance premiums, while American and British ships are more expensive or even not insured A report on the 7th quoted relevant practitioners as saying that due to the impact of the Red Sea conflict, the shipping insurance market is being graded. Underwriters differentiate between the carriers they insure, and premiums for Chinese cargo ships are more favorable. Chinese ships sailing in the Red Sea can obtain shipping insurance discounts below the market price, while related ships in the United States, Britain and Israel need to pay higher insurance premiums, and are even directly excluded from coverage by many insurance companies.
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