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International Casualty Insurance

Felicity Ace disaster likely to herald hull rates hike

While total loss incidents of large pure car and truck carriers have fallen in recent years, the recent fire on board the Felicity Ace shows the hazards of large ro-ro vessel operations are not going away

  • Analysis

Sharply increasing claims values for PCTC casualties may put pressure on hull rates, top insurance experts have told Lloyd’s List, with lashing failures, lithium vehicle batteries and the pressure to maintain schedules creating a hazardous cocktail for crews of this vessel type

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