TT Club emphasises efforts to prevent container losses
NewsTT Club praises the WSC report showing a drop in lost containers to 221 in 2023 but notes weather remains a key factor in losses.
Firestorm over world container shipping
The HYUNDAI FORTUNE casualty in March was one of the most serious containership mishaps in recent years. Explosions ripped apart the 5551 TEU vessel, and the ensuing blaze took salvors more than a week to extinguish.The stern part was almost totally destroyed, while the vessel’s hull was holed.The vessel, built in 1996, had a hull and machinery insured value of US$70M, with cargo claims expected to exceed US$300M.
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