A veteran chemical tanker that damaged a power cable off Malta during a storm — costing €25m ($26.2m) to repair — could be without critical protection and indemnity cover.
TradeWinds understands that an exclusion clause covering claims related to propulsion machinery and engine breakdown was in place when the 35,500-dwt Chem P (built 1968) dragged its anchor in March, rupturing an interconnector power cable running between Malta and Sicily.
