Who Pays for the Red Sea?
July 11, 2025
In this episode, Sal Mercogliano — a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses the sinking of MV Magic Seas and Eternity C and the issue regarding War Risk Insurance and Additional Premiums; where was the European Union Operation Aspides and US 5th Fleet; and what does this mean for the consumer?
#supplychain #houthis #eternityc #RedSea #shipping #magicseas
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00:00 Introduction
02:43 Background on sinking of Magic Seas and Eternity C
06:03 Does Insurance Cover the Ships?
12:59 Threat to Merchant Mariners
14:02 Where was the Navy?
16:37 What does Houthi Unrestricted Warfare mean for Shipping?
Lloyd’s List Seasearcher
www.seasearcher.com
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