Bremen shipyard fire could be largest hull loss ever, according to Gallagher
Blaze at Germany’s Lürssen shipyard last September could be the largest pure hull loss ever, according to a report from insurance broker Gallagher. If the event is declared a total loss — as expected — the claim could come in at $700m
Claims arising from contaminated fuel continue to raise questions of causation and liability, with the problem set to grow as vessels switch to low-sulphur fuels to comply with IMO sulphur cap in 2020