South Korean logistics giant Hyundai Glovis has come up with a series of measures to prevent fires on car carriers from spreading.

The move comes after the industry has been hit by a series of fires on car carriers that have cost insurers over $1bn.

In the most recent fire a blaze on Mitsui OSK Lines’ 6,400-ceu car carrier Felicity Ace (built 2005) caused it to sink in the Atlantic along with a $300m cargo of luxury cars.