The three biggest car carrier casualties in recent years have cost marine insurers close to $900m, according to analysis by insurers — and that figure is still rising.
Most of the claims figures are related to the loss of the 7,700-ceu Golden Ray (built 2017), which capsized at the US port of Brunswick in September last year.
Figures presented at the International Union of Marine Insurance (IUMI)’s annual conference show the loss of the Hyundai Glovis car carrier has already cost marine insurers an eye-watering $645m, with the salvage bill potentially rising as the wreck removal continues.
