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Wrecked container ship sparks $1.1 billion insurance and liability crisis

Wrecked container ship sparks .1 billion insurance and liability crisis
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The sinking of the MSC ELSA 3, a Liberian-flagged container ship, off the southern coast of India has triggered a multi-layered crisis involving environmental damage, disrupted coastal economies, and complex insurance liabilities. Now, the Kerala state government is pursuing ₹9,531 crore (approximately $1.1 billion) in damages from Mediterranean Shipping Company (MSC), one of the world’s largest shipping operators.



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Tags: BillionContainerCrisisinsuranceliabilityShipSparksWrecked
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