War risk insurance could soar by 400% or more, say Thai industrialists(Bangkok Post file photo)Thai business and industry leaders are concerned that the Mideast war could significantly disrupt logistics and transport costs, with ripple effects for manufacturing in Thailand and other countries. He said war risk insurance premiums are expected to surge by 400-500% as tensions escalate, burdening international trade. “The costs for recalling products to Thailand are lower than the expenses incurred from unloading at alternative ports, which include storage fees. Freight rates from China to ports worldwide have risen by 6.5% compared with the previous week. The war is expected to shrink tourist arrivals from the Middle East by 70,000 to 80,000 this year, noted the JSCCIB.

Source: Bangkok Post March 04, 2026 15:22 UTC