Insurers Face Significant Losses as Car Freight Fire Costs Soar to Millions

According to information from industry circles, the fire on the car freighter “Fremantle Highway” will cost insurers at least 240 million euros and up to 300 million euros. The calculation of the experts is as follows: Per new car on the ship, you can expect an average of 50,000 euros in damage, with the Rolls Royce shipped there, among other things, it is significantly more. This results in damage from the cargo of 190 million euros to 200 million euros. It will primarily affect European insurers.