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cargo losses News

Cargo Owners in Baltimore Disaster Face ‘General Average’ Loss Sharing, MSC Says

The owner of the ship that destroyed Baltimore’s Francis Scott Key Bridge has started a formal process in which companies that own goods on the stricken Dali will have to share some of the financial losses, according to the world’s …

Insurers Ask Court in New York to Seize, Sell Vessel to Pay $39M in Cargo Losses

More than 30 insurers that have paid an estimated $39 million in lost cargo claims, along with cargo owners without insurance, have asked the courts to seize and sell the Japanese vessel ONE Apus to cover their claims. The insurers …