Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez Canal, says an article on Reuters.
Grounding of shipInternational supply chains were thrown into disarray when the 400 meters (430 yards) Ever Given ran aground in the canal on March 23, with specialist rescue teams taking almost a week to free the vessel.
Loss of revenueAlan Mackinnon, chief claims officer with UK Club, the Ever Given’s P&I insurer, said: “it expected a claim against the...
https://mfame.guru/reinsurers-will-bear-most-of-costs-of-container-ship-grounding/