{"id":10247,"date":"2021-03-31T14:29:18","date_gmt":"2021-03-31T14:29:18","guid":{"rendered":"https:\/\/fillix.lt\/?p=10247"},"modified":"2021-03-31T14:33:24","modified_gmt":"2021-03-31T14:33:24","slug":"suez-canal-insurance-losses","status":"publish","type":"post","link":"https:\/\/fillix.lt\/en\/suez-canal-insurance-losses\/","title":{"rendered":"How ship got stuck on Suez Canal"},"content":{"rendered":"<h5 class=\"headArticle\">Investigation begins<\/h5>\n<p>Formal investigations into how the giant container ship Ever Given ran aground in the Suez Canal, shutting down shipping in the major global waterway for almost a week, begin on Wednesday, a canal official told Reuters.<\/p>\n<p>The six-day blockage threw global supply chains into disarray after the 400-meter-long (430-yard) ship became jammed diagonally across a southern section of the canal, the shortest shipping route between Europe and Asia.\u00a0Egypt&#8217;s Leth Agencies said on Wednesday that a total of 163 ships had transited the Suez Canal since its reopening and that a total of 292 ships were currently waiting..<\/p>\n<p>The incident is expected to give rise to flurry of insurance claims, with Lloyd&#8217;s of London expecting a &#8220;large loss,&#8221; possibly amounting to $100 million or more, according to its chairman.<\/p>\n<p>Investigators had already boarded the ship, which is in a lake that separates two sections of the canal, on Tuesday, a canal source and a shipping agent said.\u00a0The Suez Canal Authority has scheduled accelerated shipping convoys and has said it hopes the backlog of ships can be cleared by the end of the week.<\/p>\n<p>Full article: <a href=\"https:\/\/www.businessinsurance.com\/article\/20210331\/NEWS06\/912340814\/Suez-Canal-ship-blockage-under-investigation?utm_campaign=BI20210331BreakingNewsAlert&amp;utm_medium=email&amp;utm_source=ActiveCampaign&amp;vgo_ee=lWRyHvexOTziAntPJdDZ206ooaKwNBR%2Ff3WBujADrxs%3D&amp;utm_campaign=BI20210331BreakingNewsAlert&amp;utm_medium=email&amp;utm_source=ActiveCampaign&amp;vgo_ee=lWRyHvexOTziAntPJdDZ206ooaKwNBR%2Ff3WBujADrxs%3D\">https:\/\/www.businessinsurance.com<\/a><\/p>\n<h5 class=\"headArticle\">Global reinsurers face massive losses<\/h5>\n<p>This event will reduce global reinsurers&#8217; earnings but should not materially affect their credit profiles, while prices for <a href=\"https:\/\/fillix.lt\/en\/marine-insurance\/\">marine<\/a> reinsurance will rise further, the credit rating agency said.<\/p>\n<p>A large share of losses will probably be reinsured by a global panel of reinsurers.\u00a0Global reinsurers are already on the hook for natural disasters such as winter storms in the U.S. and flooding in Australia, as well as COVID-19 pandemic-related losses.<\/p>\n<p>Full article: <a href=\"https:\/\/www.businessinsurance.com\/article\/00010101\/NEWS06\/912340746\/Global-reinsurers-face-massive-losses-from-Suez-Canal-blockage-Fitch\">https:\/\/www.businessinsurance.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investigation begins Formal investigations into how the giant container ship Ever Given ran aground in the Suez Canal, shutting down<\/p>\n","protected":false},"author":1,"featured_media":10250,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84,67],"tags":[],"class_list":["post-10247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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