The possible total constructive loss of the X-Press Pearl stands to be the latest in a line of container ship losses for the insurance industry. There have been two explosions on board the 2,700 twenty-foot equivalent unit-capacity container ship since it initially caught fire on May 21 at anchor near the Sri Lankan port of …
The post X-Press Pearl loss will add to insurers’ container ship headaches first appeared on Hellenic Shipping News Worldwide.