Maersk Line will attempt to rebuild the hull of the 15,262-teu Maersk Honam (built 2017) following a massive fire off Oman in March that was feared would leave the ship a constructive total loss (CTL).
The decision to save the hull will come as a huge relief to underwriter XL Catlin, which faced an estimated $102m payout in the case of a CTL.
