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Posted on 3/26/24 at 6:49 am to ell_13
(no message)
This post was edited on 5/20/24 at 11:13 pm
Posted on 3/26/24 at 6:52 am to Deactived
What type of insurance limits do those big cargo vessels have to have? Seems cost prohibitive to have them each carry a few hundred million dollars?
Between death claims, cleanup, lost revenue, rebuilding… this is at least a billion dollar loss.
Between death claims, cleanup, lost revenue, rebuilding… this is at least a billion dollar loss.
This post was edited on 3/26/24 at 6:53 am
Posted on 3/26/24 at 6:53 am to TigersSEC2010
quote:
This stuff fascinates me. If a few of those people who crossed right before the collapse would have taken a minute longer to leave the house this morning they’d be in the river right now.
Which is why I learned/accepted long ago that when it’s your time, it’s your time. No use stressing.
Posted on 3/26/24 at 6:54 am to Deactived
quote:
Dunno why this is relevant. Tugs don't normally escort ships in a port
Not sure it’s common in that harbor but they’re Used all the time all over the place escorting around infrastructure.
This post was edited on 3/26/24 at 6:59 am
Posted on 3/26/24 at 6:54 am to lsufan112001
quote:
RIP to the construction workers just trying to make a living.
Who work at night because it’s safer. Damn
Posted on 3/26/24 at 6:54 am to brass2mouth
quote:
Which is why I learned/accepted long ago that when it’s your time, it’s your time. No use stressing.
Basically
I stress out about a lot of things, but this kind of shite I do not.
The fact that we drive 1 ton+ machines at high rates of speed inches away from other 1 ton+ machines daily should have us running in terror.
Posted on 3/26/24 at 6:56 am to SlowFlowPro
quote:
The fact that we drive 1 ton+ machines at high rates of speed inches away from other 1 ton+ machines daily should have us running in terror.
The Ship!
S/S Dali
Posted on 3/26/24 at 6:57 am to boosiebadazz
quote:
What type of insurance limits do those big cargo vessels have to have? Seems cost prohibitive to have them each carry a few hundred million dollars? Between death claims, cleanup, lost revenue, rebuilding… this is at least a billion dollar loss.
This likely falls under maritime jurisdiction in which case the vessel owner likely will (maybe already has) filed a limitation action. In maritime law the damages are usually limited to the post incident value of the vessel and its freight. There are exceptions of course.
Posted on 3/26/24 at 6:57 am to boosiebadazz
(no message)
This post was edited on 5/20/24 at 11:13 pm
Posted on 3/26/24 at 6:59 am to Deactived
The lost revenue at the port will be in the billions no doubt.
From a google search so it may not be 100% accurate
quote:
and is responsible for nearly $3.3 billion in personal wages and salaries, $2.6 billion in business revenue and nearly $400 million in state and local tax revenue annually.
From a google search so it may not be 100% accurate
Posted on 3/26/24 at 6:59 am to SlidellCajun
(no message)
This post was edited on 5/20/24 at 11:12 pm
Posted on 3/26/24 at 6:59 am to SlidellCajun
quote:
Not sure it’s common in that harbor but they’re Used all the time all over the place escorting around infrastructure.
They really aren’t. Depending on the location, they may have a channel pilot on board. But tugs aren’t guiding every ship in and out of port every time much less continuing the ship down river.
Posted on 3/26/24 at 7:00 am to Deactived
quote:
I think your 1 billion number is on the very low side
Probably so given the numbers you gave. Maybe 10 billion is a better estimate.
But no way every cargo ship this size has that much insurance coverage. This is going to have to come out of the government at some point.
Posted on 3/26/24 at 7:02 am to SlowFlowPro
(no message)
This post was edited on 5/20/24 at 11:12 pm
Posted on 3/26/24 at 7:03 am to boosiebadazz
I have already answered this question. Google Limitation of Liability Act of 1851 for further reading.
Posted on 3/26/24 at 7:04 am to boosiebadazz
I doubt any insurance comes close to a billion.
Maybe $100M but even that is a stretch.
Maybe $100M but even that is a stretch.
Posted on 3/26/24 at 7:05 am to Deactived
First hand sources claim that as soon as the ship went dark it became more violent.
I hope some workers survived but it seems crazy that anyone could survive this. If the crew had reported propulsion failure early enough I wonder how much time it would've taken to alert a road crew working there.
I hope some workers survived but it seems crazy that anyone could survive this. If the crew had reported propulsion failure early enough I wonder how much time it would've taken to alert a road crew working there.
This post was edited on 3/26/24 at 7:06 am
Posted on 3/26/24 at 7:05 am to Deactived
Was it a foreign flagged ship or a Jones Act ship?
Posted on 3/26/24 at 7:05 am to CHEDBALLZ
quote:I thought the same thing..ship looks massive in comparison to bridge.
Doesn't seam like that ship would have been able to fit under it.
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