Marine Reinsurance Firms Expect Giant Suez Blockage Claims
by Carolyn Cohn (Reuters) – The recent blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers,...
Ten crew members were rescued from a new Indian-flagged cargo ship following a maiden voyage engine failure that left the vessel stuck off the Konkan coast in India.
India’s Zee News reports that the MV Shri Jayate reported an engine failure and ran aground Sunday evening off the coast of Ratnagiri, Maharashtra.
“It had reported an engine failure when it was around five kilometers [from the coast],” the Indian news paper reported a police official as saying. “Later, it drifted and is now stuck around two kilometers from the coast in the Arabian Sea. With help from fishermen, we rescued all the crewmen safely.” The official added that the new ship was on its way to being delivered to clients in Kolkata.
The MV Shri Jayate started its journey from Vasai and had travelled about 250 kilometers before its engine failed, the newspaper said.
There have been no reports of pollution or injuries from this incident.
Join the 67,753 members that receive our newsletter.
Have a news tip? Let us know.