As container ships get bigger, insurance becomes more complicated. Some rules changes may be needed.
By: Peter Buxbaum | Apr 21 2014 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.