Abstract:

The shipping industry has been growing rapidly from year to year and until not too long ago, shipping was both the greatest beneficiary and hammering pulse of globalization.But now the global economic and financial crisis has stifled the boom of this industry. Since the global economic and financial crisis began in 2009, the problems the shipping industry faces have multiplied, generating a high volatility of prices.

With the global expansion of the maritime sector, marine insurance is on the forefront nowadays, more than ever before.As the marine insurance premiums vary according to the value of insured assets and their number, we can examine the marine insurance market through the forecast of ships price in the context of deteriorating economic conditions.