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> The average size of most vessels has increased exponentially over the last 15 years. The ability to salvage these bigger ships has not," said Peter Townsend,
by tjbiddle 6y ago
> The average size of most vessels has increased exponentially over the last 15 years. The ability to salvage these bigger ships has not," said Peter Townsend, a marine insurance industry veteran.
Well - Either you allow gigantic ships that have this risk through, and set aside cash for when shit like this eventually happens - Or you don't allow them through at all. Learn how to budget for your risk profile.
- aeternum 6y agoOr you just demand that ships take on the liability of passage as it seems they are. Egypt is in a pretty strong negotiating position.