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Counting the cost when things go wrong

Shipowners warned that a major ship casualty could plunge them into 'negative equity' trap
Wednesday, May 14, 2014 - 06:00
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THE good news is that there has been a consistent decrease in the number of total losses of vessels at sea over the past 10 years, according to the International Union of Marine Insurance's ocean hull committee - PHOTO: REUTERS

THE good news is that there has been a consistent decrease in the number of total losses of vessels at sea over the past 10 years, according to the International Union of Marine Insurance's ocean hull committee. Unfortunately, the bad news is that this has been more than offset by a dramatic

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