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News / Car-carriers succumb to Red Sea crisis, but must now risk Cape headwinds

K Line Car Carrier Photo 153814164 © Brian Grant Dreamstime.com
Photo: © Brian Grant Dreamstime.com.
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Car-carrier lines NYK, K-Line and MOL finally halted Red Sea transits last week, with the latter introducing a new emergency risk surcharge.

The Japanese compatriot carriers had been some of the major Red Sea holdouts, preferring to risk transiting the contested Bab ...

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  • David Broadhead

    January 17, 2024 at 7:05 pm

    Great article thanks but here’s my question; how is insurance going to work for a ship which may not have been designed for Cape transits with a crew that may or may not have any experience taking it – or possibly any other vessel – on that route? Hopefully I’m missing something….

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Topics

BYD Auto Cape of Good Hope Kawasaki Kisen Kaisha (K-Line) Mitsui OSK Line (MOL) Nippon Yusen Kaisha (NYK) Red Sea Crisis