Japan Earthquake the Costliest Ever?
Reports are that losses from the earthquake in Japan could top $300 Billion. (Japan disaster likely to be world's costliest, Associated Press, Yahoo News, March 24, 2011.) The maritime industry in Japan will also be seriously affected. Shipping will be harmed, as will imports and exports. (Tsunami and Earthquake in Japan also affects shipping, Infomarine On-Line, March 14, 2011.)
