Whats Going on in the Suez INSURANCE LIMITS COST OF THE TRAFFIC JAM April 10, 2021

Associate Professor of History Sal Mercogliano of Campbell University former merchant mariner and professor of Maritime Industry Policy at the U. S. Merchant Marine Academy discusses the latest from the Suez and MV Ever Given. In this episode, we examine the resumption of trade in the Suez Canal with a look at the convoys heading into the canal. We also discuss a Reuters story that indicates that the Protection and Indemnity (P I) Insurance could be on the hook for up to 3. 1 Billion. Then we examine an estimate of what the closure of the canal cost world which case Sal has to do math (this is never good). Reinsurers Set to Bear Brunt of Costs for Suez Canal Grounding