SHIPPING LOSSES

Dominion, Volume 35, Issue 249, 18 July 1942, Page 8

SHIPPING LOSSES

Four Sinkings Announced WASHINGTON, July 16. The Navy Department revealed that “72 passengers and crew were rescued from a' medium-sized American merchantman which was torpedoed 400 miles off the Atlantic coast. Only nine lives were lost, though the ship sank within four minutes. Other sinkings announced were of a large British ship, which was sunk in the middle of the Atlantic, a medium-sized United States ship, which was lost in the Caribbean Sea; and a medium-sized Norwegian vessel which was torpedoed in the Atlantic. Sixteen lives were lost in these three cases.

The State Department announced that the Swedish steamer Drottingholm, which earlier brought American nationals from Europe, .sailed homeward from New York after completing an exchange of American and Axis nationals. Marine Surcharge Increase. Reflecting the increased hazards of navigation, the underwriters have considerably raised the wartime marine surcharge rates. The most extensive increase is for voyages confined to the Western Hemisphere, where the rates have been trebled, while the rates for shipments to Australia and New Zealand, Tasmania, India ' and Ceylon have doubled (gone from i to i per cent.). The wartime marine surcharge must not be confused with war risk insurance. The latter covers war risks proper, such as damage or loss caused by mines or torpedoes, or capture, while the former covers hazards due to travelling without lights, peacetime navigation aid, etc.