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Burning car carrier Felicity Ace could be $500m cargo loss, says Skytek

February 18, 2022

The fire that emerged on the Felicity Ace cargo ship, which was loaded with luxury cars as it departed Germany for the U.S. on February 9th, could result in a loss for the marine re/insurance market of as much as $500 million, reports Skytek.

A fire broke out in one of the holds of the Felicity Ace cargo ship forcing its crew to abandon the vessel, leaving it adrift in the mid-Atlantic.

As reported widely in the mainstream media, the ship, which is able to carry more than 18,700 tons of cargo, was loaded with luxury cars including brands like Bentley, Porsche, Lamborghini, and Audi.

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