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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 Al-Mandeb Strait rather than going around the Cape.
Pure car and truck carriers (PCTCs) are infamously liable to capsize in strong winds, thanks to their low stability, high walls and susceptibility to the free ...
Comment on this article
David Broadhead
January 17, 2024 at 7:05 pmGreat 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….