How much to insure a large container ship?

Answer 1

The cost to insure a large container ship can vary widely based on factors such as the ship's value, age, type of cargo, and the specific coverage options chosen. Generally, marine insurance premiums for container ships can range from 0.3% to 1.5% of the vessel's insured value annually. For a large container ship valued at $100 million, this could mean annual insurance costs between $300,000 and $1.5 million. Additional factors like the ship's operating routes and risk assessments can further influence the premium.