The capsize of the 7,700-ceu car carrier Golden Ray (built 2017) off the US port of Brunswick is the sixth major incident to hit the car carrier sector this year, making it arguably the shipping industry’s second most pressing safety issue after boxship fires.
Insurers are now facing related claims running into the hundreds of millions of dollars. The growing list of cases is certain to be a hot topic of discussion among marine underwriters as they gather in Toronto next week for the annual meeting of the International Union of Marine Insurance.
