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The Maritime
Dry Bulk Freight Index3,521▼ -2.7%Capesize6,122▼ -4.3%Dirty Tanker Index4,015▲ +0.5%Panamax2,409▼ -0.2%Clean Tanker Index1,808▲ +0.1%Supramax1,713▲ +0.5%Handysize931▲ +1.0%Dry Bulk Freight Index3,521▼ -2.7%Capesize6,122▼ -4.3%Dirty Tanker Index4,015▲ +0.5%Panamax2,409▼ -0.2%Clean Tanker Index1,808▲ +0.1%Supramax1,713▲ +0.5%Handysize931▲ +1.0%Dry Bulk Freight Index3,521▼ -2.7%Capesize6,122▼ -4.3%Dirty Tanker Index4,015▲ +0.5%Panamax2,409▼ -0.2%Clean Tanker Index1,808▲ +0.1%Supramax1,713▲ +0.5%Handysize931▲ +1.0%Dry Bulk Freight Index3,521▼ -2.7%Capesize6,122▼ -4.3%Dirty Tanker Index4,015▲ +0.5%Panamax2,409▼ -0.2%Clean Tanker Index1,808▲ +0.1%Supramax1,713▲ +0.5%Handysize931▲ +1.0%Dry Bulk Freight Index3,521▼ -2.7%Capesize6,122▼ -4.3%Dirty Tanker Index4,015▲ +0.5%Panamax2,409▼ -0.2%Clean Tanker Index1,808▲ +0.1%Supramax1,713▲ +0.5%Handysize931▲ +1.0%Dry Bulk Freight Index3,521▼ -2.7%Capesize6,122▼ -4.3%Dirty Tanker Index4,015▲ +0.5%Panamax2,409▼ -0.2%Clean Tanker Index1,808▲ +0.1%Supramax1,713▲ +0.5%Handysize931▲ +1.0%
Tools · Risk

War-Risk Premium Estimator

Extra war-risk insurance is charged as a percentage of hull value to transit a listed war-risk area. Size that premium for a voyage — the rate for each area is anchored to reported market levels and adjusted for current incident activity.

An estimate, not an insurance quote. Actual war-risk rates are set per-fixture by underwriters and are not public. Each area's base rate is anchored to reported market levels and scaled by the recent incident activity shown below — a transparent model, not a firm price. Confirm any figure with your broker.

Build the voyage

$million
Areas transited

Estimated premium

for this transit, at the current rates

Select the war-risk areas your voyage passes through.

Listed war-risk areas

The current estimated rate for each area, and the recent incidents driving it. Base rate is the anchored market level; the current rate scales it by activity over the last 90 days.

Black Sea & Sea of Azov

Russia–Ukraine war zone; mines and strikes on ports.

1.8%
base 1%
Severe32 incidents in 90 days · 34 in a yearchokepoint
  • Russia Hits Odesa Again As Black Sea Shipping DisruptedSep 12, 2026
  • Ukrainian drone and missile strike on Russian port of NovorossiyskAug 13, 2026
  • Russian aerial strikes on UkraineAug 12, 2026

Southern Red Sea & Gulf of Aden

Houthi missile/USV threat; the driver of the Cape diversion.

0.98%
base 0.5%
Severe38 incidents in 90 days · 39 in a yearchokepoint
  • Piracy Incident off Somalia CoastAug 21, 2026
  • Sanctioned tanker hijacked in Gulf of AdenAug 20, 2026
  • Houthis target Saudi energy assets againAug 13, 2026

Persian Gulf & Strait of Hormuz

Seizure/attack risk amid Iran tensions.

0.33%
base 0.15%
Severe106 incidents in 90 days · 122 in a yearchokepoint
  • Iranian commercial ship struck near Strait of HormuzSep 13, 2026
  • Panama-flagged tanker fire in Strait of HormuzSep 12, 2026
  • Merchant ships struck by disabling fire in northern Gulf and Gulf of OmanSep 9, 2026

Gulf of Guinea

Piracy/kidnap-for-ransom belt off West Africa.

0.05%
base 0.05%
Elevated1 incident in 90 days · 2 in a year
  • Cargo ship reports being struck in Strait of HormuzAug 4, 2026
  • Incidents in Gulf of GuineaJan 1, 2026

Somali Basin & Indian Ocean HRA

Somali piracy high-risk area.

0.05%
base 0.05%
Elevated2 incidents in 90 days · 3 in a year
  • General cargo ship hijacked off SomaliaAug 17, 2026
  • Confirmed Pirate Boarding of a Bulk Carrier in the Gulf of AdenJul 1, 2026
  • Slight resurgence of Somali piracyApr 1, 2026