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Ship loses more than 500 containers in heavy seas

THe following are a few of excerpts from the story. One would think that at some point, the International Maritime Organization has to get a handle on this.

It's the biggest recorded loss of containers overboard in a single incident.

There is no requirement on shipping lines to report container losses to the International Maritime Organization or other international body, so no one seems to know how many containers are lost at sea every year.

The Through Transport Club, which insures 15 of the top 20 container lines, has put the loss at fewer than 2,000 containers a year. But other industry sources say the number may be as high as 10,000.

http://www.cnn.com/2014/02/21/world/container-ship-loses-containers/index.html?iref=allsearch

Joe

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