The Cargo Letter |
Section A: Section: Trade, Financial & Inland News|
Section B: FF World Air News |
Section C: FF World Ocean News | Section
D: FF in Cyberspace |
Section E: The Forwarder/Broker World
We're sorry, but there were so many sinkings, explosions, pirate attacks, fires, cargo mishaps, battles on the water & other disasters at sea that we do not have room to print even the highlights this month. Many people lost their lives at sea this month!! Even a collision with a nuclear-powered U.S. attack submarine surfacing off the Straits of Gibraltar! How about a cobra smuggler killed in a sea chase gun battle?
As the beached laden car carrier M/V Hual Europe goes up in smoke off the coast of Japan, so does any chance of the global marine insurance market making a profit. Mounting casualties in the last few weeks following a quiet 1st 9 months of 2002 are pushing the bill for hull losses for the market as a whole beyond US$800M.
M/V Hanjin Pennsylvania -- afire, with exploding containers of fireworks (!) off the coast of Sri Lanka -- dramatic photos like you have never seen!
www.cargolaw.com/2002nightmare_penn.html
But you can read all this month's disaster news at our special Internet web feature which provides full details of each event -- our Vessel Casualties & Pirate Activity Database. Bookmark the site and visit every day! Updated twice daily.
www.cargolaw.com/presentations_casualties.html
SPECIAL NOTE: Please view the dramatic new pictures at our special "Gallery of Cargo Loss" website feature.
www.cargolaw.com/gallery.html
NOTE: The historic dangers of carriage by sea continue to be quite real. Shippers must be encouraged to purchase high quality marine cargo insurance from their freight forwarder or customs broker. It's dangerous out there.
Please click below for other sections:
Section A: Section: Trade, Financial & Inland News|
Section B: FF World Air News |
Section C: FF World Ocean News | Section
D: FF in Cyberspace |
Section E: The Forwarder/Broker World
Written from wire stories, the Associated Press, Reuters, Hong Kong Shipping News Lloyds & other world sources.
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