Maritime catastrophe in the Red Sea

“Death boats strike again”. Al Salam-89 ferry, which sank in the Red Sea on February 3, is believed to be insured at Lloyd's for approximately 40 to 50 million USD.

While controversy is picking up momentum over safety standards on board this thirty-five-year-old ferry and the promptness of rescue operations, we now know for sure a fire had broken out on board Al Salam-89. This catastrophe is poised to be the worst of its kind in international maritime history. The number of casualties could rise beyond a thousand victims out of the 1 415 passengers and crew members.

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