They are also compartmentalised. Bulkers tend to have four or five large tanks to hold stuff in.
Ultra large bulk carrier
This has been a problem for decades and is already priced into the insurance. It's also not a big part of the world fleet.
Try putting 200,000 tons of coal into barrels, transport it, and then unbarrel it at the other end. The extra cost and time would be massive.
The losses are most prevalent on ULBCs, resulting in the biggest ships of all capsizing. Insurers work with ship regulators and ship owners to prevent this, as not only does it mean they've lost the ship and cargo, but…
They are also compartmentalised. Bulkers tend to have four or five large tanks to hold stuff in.
Ultra large bulk carrier
This has been a problem for decades and is already priced into the insurance. It's also not a big part of the world fleet.
Try putting 200,000 tons of coal into barrels, transport it, and then unbarrel it at the other end. The extra cost and time would be massive.
The losses are most prevalent on ULBCs, resulting in the biggest ships of all capsizing. Insurers work with ship regulators and ship owners to prevent this, as not only does it mean they've lost the ship and cargo, but…