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DP World launches cargo war risk insurance for Middle East trade routes

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·Justin Varghese·26 days ago
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Dubai: Dubai-based logistics company DP World has launched a cargo war risk insurance product covering the full movement of goods across Middle East trade routes, aiming to address rising costs and gaps in conventional insurance coverage amid heightened regional instability. The company said on Thursday the new offering provides continuous coverage across ocean and air freight, port storage and inland transportation, replacing the fragmented structure of traditional war risk insurance policies that typically cover only one segment of a shipment’s journey. The programme will be available to companies trading in or through the Middle East, including routes across the Arabian Gulf, Red Sea and connected inland corridors. “This is about solving a real, immediate problem for global trade,” Yuvraj Narayan, Group Chief Executive Officer of DP World, said in a statement.…

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