MISSING SAILING SHIP
reinsurance rate advance of so per cent LONDON, July 7. The reinsurance rate on the missing German barque Admiral Karpi’anger has now been advanced to 80 per cent. Fifteen per cent has been paid lor insurance of fhe Finnish steel barque Wintcrhaide, 1930 tons, which left for Falmouth from Port Germein, South Australia, on March 5. and has not yet reported!. This high rate is due to anxiety .rcjgarding the Admiral Karpfanger. The reinsurance rate on the vessel advanced to 70 per cent on July -1 and then to 7'5 per cent shortly before the close of ‘the market. The A dmiral Karpfanger, which is used as a training ship by flic Ham-burg-Asr icrika Line, was on a voyage from P ort Germein to the United Kingdof n with 3300 tons of wheal. She is now 149 days out from Port Gerrm* us,
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Bibliographic details
Poverty Bay Herald, Volume LXV, Issue 19684, 16 July 1938, Page 8
Word Count
146MISSING SAILING SHIP Poverty Bay Herald, Volume LXV, Issue 19684, 16 July 1938, Page 8
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