HAPPY EASTER!

FIRE AT SEA CAN RUIN YOUR WHOLE DAY

Since nothing is going on with me at the moment, I thought I'd remind you that a bad day at the office is still better than a bad day at sea! This is the M/V Hyundai Fortune which started burning 60 miles off the coast of Yemen on March 21st, her 10th birthday. Initial speculation was that conatiners with fireworks were to blame, but now industry sources have started to consider in private whether the vessel could have been the target of a piracy or terrorist attack, or even hit a mine. Needless to say, the loss is huge. Her Hull Value is $56,000,000 with a deductible of $150,000. Cargo-loss estimates are north of $10 million. Some say images of a ship this badly damaged have not been seen since WWII. Imagine all the baby strollers and DVD's, clothes lost in this disaster. Ship happens...