[algore]

Keep in mind the ship cost about $115 Million new

[Red Badger]

Shoulda called Saul!........................

[Celerity]

Oh... maritime law doesn’t stop there.

The assets, insurance, titles, deeds, even the lives of those staffing the boat were the property of Egypt.

Maritime law scares me so much I won’t go on the international water. Hell no.

I’ll wind up in a tent in Kuwait working as a slave in an oil field.

[ETCM]

Keep in mind the ship cost about $115 Million new

Wasn't an Egyptian Pilot onboard when the ship grounded?

[ncfool]

I bet there is a lot of rotting produce on that ship.... Pehaps even rotting bodies.

[butlerweave]

£400million = $25.5 million US ?

[PGR88]

The major ocean container companies have been working off a huge China-inspired capacity glut for the last 10 years. They have increased vessel sizes, while limiting new capacity, and engaging in "slow steaming" to save fuel costs.

Not only does it seem there is under-capacity until new ships can be built, but with more containers carried on fewer huge ships, the chances of supply-chain disruptions caused by any single incident have increased

[C210N]

Update on H3RC... Looks like it's NOT gonna make any expected arrival in Holland next week. Maybe, not even the Straights of Gibralter. It's doing some funky maneuvering just east of Malta (Syracuse is in Malta). It's currently moving at the snails pace of .3 knots