As container ships get bigger, insurance becomes more complicated. Some rules changes may be needed.

By: | at 11:23 AM | Channel(s): Liner Shipping  

Last June, the MOL Comfort was underway from Singapore to Jeddah when it experienced a crack in its hull 200 nautical miles off the coast of Yemen. The ship eventually broke into two and sank. The vessel, carrying 7,041 teu, represented the largest cargo vessel loss last year.

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Peter Buxbaum's avatar

American Journal of Transportation

More on Peter Buxbaum

Peter Buxbaum has been writing about international trade and transportation, as well as security, defense, technology, and foreign policy, for over 20 years. Besides contributing to the AJOT, Buxbaum's work has appeared in such leading publications as Fortune, Forbes, Chief Executive, Computerworld, and Jane's Defence Weekly. He was educated at Columbia University.