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"Insurance losses on the ship are estimated at $70 - 80 million, and $80 million in its contents."
by fblp 6y ago
"Insurance losses on the ship are estimated at $70 - 80 million, and $80 million in its contents."
- jamestimmins 6y agoThat's substantially less than I would have expected. It means each car was valued at ~$20,000. I would have expected the ship itself to cost ~$250,000,000, but the HMM Algeciras, the biggest container ship in the world, only cost $140,000,000 to build. https://www.shippingandfreightresource.com/hmm-algeciras-largest-container-vessel-on-earth https://www.shippingandfreightresource.com/hmm-algeciras-lar...
- HeyLaughingBoy 6y agoMerchant ships are actually pretty cheap. If you think about it, it's mostly steel supporting empty space and a really big engine. It's not at all unusual for the cargo to cost far more than the ship that's carrying it.