When Isabelle Therrien recently took over the chair of the International Union of Marine Insurance (IUMI) cargo committee, the most pressing issue in her in-tray was how to end the costly run of containership casualties.
Boxship fires, which have burned cargo insurers over the past two to three years, remain a problem, as evidenced by the casualty of the 2,742-teu X-Press Pearl (built 2020) this year.
