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日本海事新聞ニュース Japan Maritime Daily Jun 25, 2026 (Thu)

A reinsurance group refused to share in the Baltimore accident settlement

 It has emerged that a reinsurance group is refusing to share in the payment of the $2.25 billion se ・・・ %E3%80%80It+has+emerged+that+a+reinsurance+group+is+refusing+to+share+in+the+payment+of+the+%242.25+billion+settlement+%28about+%C2%A5360+billion%29+agreed+in+mid-May+between+the+owner+and+ship+management+company+of+the+large+container+ship+%E2%80%9CDALI%E2%80%9C+and+the+state+of+Maryland+over+the+collapse+of+a+major+bridge+caused+by+the+vessel%E2%80%99s+collision+at+the+Port+of+Baltimore+on+the+US+East+Coast+in+March+2024.+The+International+Group+of+P%26I+Clubs+%28IG%29+disclosed+this+on+its+website.+%3Cbr%3E%E3%80%80According+to+the+IG%2C+when+Britannia+P%26I%2C+which+provides+P%26I+insurance+%28Protection+%26+Indemnity+Insurance%29+for+the+%E2%80%9CDALI%2C%E2%80%9C+paid+the+settlement+to+the+state+of+Maryland%2C+a+reinsurance+group+failed+to+pay+its+share+by+the+deadline%2C+resulting+in+a+funding+shortfall.+%3Cbr%3E%E3%80%80To+make+up+for+the+funding+shortfall%2C+Britannia+secured+support+from+all+IG+clubs%2C+and+with+an+interim+solution+approved%2C+it+has+paved+the+way+for+the+settlement+agreement+to+be+fulfilled.+%3Cbr%3E%E3%80%80Britannia+regards+this+refusal+to+pay+as+a+breach+of+contract+and+is+%E2%80%9Churrying+procedures+to+exercise+its+rights%E2%80%9C+against+the+reinsurance+group%2C+the+IG+said.+%3Cbr%3E%E3%80%80The+total+amount+of+insurance+payouts+resulting+from+this+accident+has+reached+the+largest+scale+in+the+history+of+marine+insurance%2C+surpassing+even+the+accident+of+a+major+passenger+ship+in+2012.+%3Cbr%3E%E3%80%80Under+the+P%26I+compensation+scheme%2C+the+P%26I+club+covering+the+vessel+pays+up+to+%2410+million%2C+and+if+the+compensation+exceeds+%2410+million%2C+the+12+IG+member+clubs+share+the+amount+up+to+%24100+million.+If+the+amount+exceeds+%24100+million%2C+reinsurance+companies+cover+up+to+%243.35+billion+%28%243.1+billion+at+the+time+of+the+accident%29.+%3Cbr%3E%E3%80%80%E2%96%A0+Claims+against+shipyard+continue+%3Cbr%3E%E3%80%80Regarding+the+collapse+of+the+major+bridge+in+Baltimore%2C+Maryland+Attorney+General+Anthony+Brown+announced+in+mid-May+that+a+final+settlement+of+%242.25+billion+had+been+reached+with+Grace+Ocean%2C+the+owner+of+the+%E2%80%9CDALI%2C%E2%80%9C+and+ship+management+company+Synergy+Marine.+%3Cbr%3E%E3%80%80The+shipowner+had+petitioned+a+US+court+to+apply+the+Limitation+of+Liability+Act%2C+which+would+cap+damages+at+%2443.7+million%2C+but+agreed+to+the+settlement+and+decided+to+pay+a+huge+amount+in+compensation.+%3Cbr%3E%E3%80%80Brown+said%2C+%E2%80%9CAfter+carefully+examining+all+available+assets+of+Grace+Ocean+and+Synergy+Marine%2C+%28including+the+limits+of+available+insurance+coverage%2C%29+we+concluded+that+this+settlement+maximizes+the+amount+that+can+be+recovered+from+the+vessel-related+parties.%E2%80%9C+%3Cbr%3E%E3%80%80However%2C+Brown+emphasized+that+he+would+continue+to+seek+compensation+from+Hyundai+Heavy+Industries+%28now+HD+Hyundai+Heavy+Industries%29%2C+which+built+the+%E2%80%9CDALI%E2%80%9C+in+2015.+A+final+report+issued+by+the+US+National+Transportation+Safety+Board+%28NTSB%29+last+November+concluded+that+Hyundai+Heavy+Industries+was+responsible+for+the+power+loss+that+caused+the+collision.+%3Cbr%3E%E3%80%80Regarding+compensation+for+the+accident%2C+the+shipowner+side+agreed+in+October+2024+to+pay+the+US+Department+of+Justice+%24101.98+million+%28about+16+billion+yen%29+for+the+removal+of+the+bridge+wreckage+and+the+cost+of+reopening+the+shipping+channel.+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81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