Removal plans are underway for the Höegh Xiamen, a total loss after a more than weeklong fire smoldered on board the car carrier in Jacksonville, Florida.
Ocean Yield ASA, owner of the Höegh Xiamen, said on its website that the vessel “has been declared a constructive total loss” and that it expects to receive insurance proceeds of about $26 million in the third quarter.
The net cash proceeds after repayment of debt related to the vessel will be about $8 million, it said.
Ocean Yield referred a...
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