Dry CargoFinance and Insurance

Wakashio insurance claims top $37m

The justice minister in Mauritius has given an update on the size of insurance claims across the island in the wake of the grounding of the Wakashio bulk carrier earlier this year.

Speaking in parliament yesterday Maneesh Gobin said the current insurance claims, both from government as well as individuals and companies around the republic totalled Rs1.51bn ($37.8m). However, numbers are still being compiled and are expected to be considerably higher.

The Panama-flagged newcastlemax veered from its course, grounding on coral reefs off the southern coast of Mauritius in July. The ship leaked bunker fuel and split in two, creating one of the worst ecological disasters Mauritius has experienced.

In the wake of the disaster, the government set up an online resource for locals to lodge their damage claims.

The stern of the ship remains lodged on the same reef, while the front three-quarters of the ship was towed out to sea and scuttled in August. The vessel was insured by Japan P&I Club.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.


  1. Abandoning industrial waste is a vulgar crime, hardly an “ecological disaster”.

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