Total Loss Trends Emerge Amidst The Pandemic
Every industry has been impacted by actions taken to control the spread of COVID-19, including the automotive industry. Growing unemployment, coupled with a pivot to remote working, has changed...
View ArticleSalvage Of Georgia Shipwreck Delayed Again
An engineering problem has forced another delay before salvage crews can start removing an overturned cargo ship thats been partially submerged on the Georgia coast for more than a year, officials...
View ArticleSuez Canal Blockage Delaying An Estimated $400M An Hour In Goods
The stranded mega-container vessel, Ever Given in the Suez Canal, is holding up an estimated $400 million an hour in trade, based on the approximate value of goods that are moved through the Suez every...
View ArticleReinsurance Costs From Suez Obstruction To Exceed $100M: McGill & Partners
Analysts at specialist broker McGill and Partners believe that the re/insurance industry could be looking at costs in excess of $100 million due to the ongoing obstruction in the Suez Canal.
View ArticleNTSB Searches for Downed Boeing Cargo Plane Off Hawaii
The U.S. National Transportation Safety Board said it would scan the ocean floor on Monday to locate a Boeing 737-200 cargo plane that sank off Hawaii last week after the two-member crew made an...
View ArticleSalvage Operation Of Cargo Ship Golden Ray Largest In U.S. History
An official providing an update on the Golden Ray wreck removal off the coast of Georgia said it is the largest in United States history and required more than 3 million collective man-hours.
View ArticleVehicle Battery Caused Weeklong Freighter Fire At Port Of Jacksonville
An electrical fault from an improperly disconnected battery in a used vehicle led to the fire aboard a cargo ship docked in Florida that resulted in $40 million worth of damage, officials said Thursday.
View ArticleNew Regulations Put Brakes on Catalytic Converter Thefts
Responding to a crime trend involving the theft of catalytic converters, Gov. Gavin Newsom signed two bills on Sept. 25. The new laws, the Governor’s office said, prohibit the sale of used catalytic...
View ArticleRemoving Damaged Boats: Florida’s Marine Towing and Salvage Companies Swamped
Heather O’Brien’s phone hasn’t stopped ringing in the two weeks since Hurricane Ian hit. O’Brien, who along husband Capt. Pat O’Brien has owned the Fort Myers Sea Tow franchise since 1996, already has...
View ArticleHurricane Ian Prompts a Question: How Many Totaled Vehicles Return to the Road?
Hurricane Ian caused widespread flooding across Florida, North Carolina, and South Carolina in October, resulting in losses estimated at between $41 billion and $70 billion. Among those losses were up...
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