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MoA - The MoA Week In Review - OT 2021-025


Of the container ship Stuck In Mud in the Suez I wrote:
[T]he losses for Egypt add up. The hundreds of ships which are currently blockaded and the owners of their cargoes may also ask for compensation.
The ship is insured for probably up to 140 million. That will not be enough to pay for this incident. Many court claims will be made. The Japanese owners of the ship, the Taiwanese charterer, the German company managing the ship, the pilots and the crew will all be asked to pay for every penny that is not covered by the insurance.
On April 2

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