🚀 Potential Ecological Disaster from Sinking VLCC
#EcologicalDisaster #VLCC #OilSpill #EnvironmentalRisk #MaritimeSafety #CrudeOil #OilCleanup #Insurance #Liability
Jim Bianco, president of Bianco Research posted on X, highlighted the risks associated with VLCCs. These tankers carry 2 million barrels of crude, and sinking one could lead to a costly ecological disaster. Protection & Indemnity insurance covers unlimited liability, but cleanup costs could reach billions if an incident occurs.#EcologicalDisaster #VLCC #OilSpill #EnvironmentalRisk #MaritimeSafety #CrudeOil #OilCleanup #Insurance #Liability