The Bibby Line 57,000-dwt bulker Cheshire (built 2012) was so badly damaged by a fire involving an ammonium nitrate based fertiliser that underwriters have declared it a constructive total loss (CTL).
The decision was revealed in an Isle of Man accident investigation, which described the catastrophic damage and massive heat release caused by the blaze last August.
The report says that hull underwriters took the decision to declare the vessel a CTL at the turn of the year because “cost effective repairs could not be carried out”.
