North P&I Club estimates wreck removal costs for a car carrier that capsized in a US port could be in excess of $400m.
The eye-watering figure for the casualty involving the 7,700-ceu Golden Ray (built 2017), revealed in North P&I's annual earnings statement, is cited as one of the reasons it reported an underwriting loss for the year.
Initial estimates of the cost were around $200m, but that figure appears to have doubled.
