GeopoliticsIMPORTANT

UKMTO has received a report of an incident 40NM southeast of Al Mukha, Yemen; The cargo vessel was unmanned at the time of the incident, however the damage has resulted in a complete constructive loss.

StockNow breaking-news AI analysis

A cargo vessel was declared a constructive total loss after a projectile attack near Yemen, driving war risk insurance premiums up 150% and pushing global shipping rates to yearly highs.

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