More accidents caused by hazardous cargo shipments, but higher insurance premiums unlikely
The rise in major incidents involving hazardous ocean cargo and growing concerns about danger to ...
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By Mike Wackett
With the death toll from this month’s Tianjin port disaster having risen to 145, with 28 people still unaccounted for, and insurers facing a $1.6bn bill, China’s President Xi Jinping has vowed that those responsible “will learn lessons paid for with blood”.
The state prosecutor said it had found officials to have been “irresponsible, negligent and lax”, and so far it has detained 12 people, including port executives, for dereliction of duty and abuse of power.
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