14 ms·
That might be the total value of impacted shipping, but nobody is going to get a $40 billion bill for this.
by Denvercoder9 6y ago
That might be the total value of impacted shipping, but nobody is going to get a $40 billion bill for this.
- blhack 6y agoThose two guys on excavators are gonna be RICH!
- avaldeso 6y agoUnless they, somehow, rip a hole in the hull. That would be FUBAR.
- laurent92 6y agoDo they have deadlines for delivery and late fees? I’ve heard a quarter of the worldwide cargo capacity will be delayed by this event, this could rise very fast.
- anigbrowl 6y agoThere will not be a single bill of that size, and directly insured costs are likely to top out at a 1-200 million. But the knock-on shipping delays are likely not insured and will weigh heavily on the charter sector (who rent space on the ships by the day): https://lloydslist.maritimeintelligence.informa.com/LL1136251/Almost-all-Suez-tailback-vessels-likely-lack-cover-for-delays https://lloydslist.maritimeintelligence.informa.com/LL113625... An interesting stat there is that on the Ever Given alone there are ~20,000 boxes (cargo containers) with an average 20 shipments (from different people) in each. So that's ~400,000 commercial deliveries held up on one ship alone.