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,...
The 2015-built, 17,859 teu CMA CGM Vasco Da Gama grounded just after midnight yesterday as it made its way to Southampton on the UK’s south coast. The ship was refloated within an hour and proceeded to the port where an underwater survey will be conducted.
Incidents of the new supersized slew of boxships grounding are raising concern worldwide. This February, the 19,000 teu CSCL Indian Ocean created a traffic jam when it grounded while approaching Hamburg port, and there have been a couple of incidents of big boxship groundings along the Suez Canal this year too.
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